Adobe 2009 Annual Report Download - page 114

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ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
114
The following table sets forth the taxes related for each component of other comprehensive income for fiscal 2009, 2008
and 2007 (in thousands):
2009
2008
2007
Available-for-sale securities ..........................
$
931
$
(988
)
$
2,382
Foreign currency translation adjustments ...............
$
1,411
$
(4,860
)
$
3,699
Taxes related to derivative instruments were zero for all fiscal years.
The following table sets forth the components of accumulated other comprehensive income, net of related taxes, for
fiscal 2009 and 2008 (in thousands):
2009
2008
Net unrealized gains on available-for-sale securities:
Unrealized gains on available-for-sale securities .......................
$
13,818
$
16,062
Unrealized losses on available-for-sale securities .......................
(2
)
(155
)
Total net unrealized gains on available-for-sale securities .............
13,816
15,907
Net unrealized gains on derivative instruments ..........................
(5
)
41,750
Cumulative foreign currency translation adjustments .....................
10,635
(435
)
Total accumulated other comprehensive income, net of taxes ...............
$
24,446
$
57,222
The following table sets forth the components of foreign currency translation adjustments for fiscal 2009, 2008 and
2007 (in thousands):
2009
2008
2007
Beginning balance .........................................
$
(431
)
$
10,471
$
4,901
Foreign currency translation adjustments ......................
17,343
(19,461
)
9,269
Income tax effect relating to translation adjustments for
undistributed foreign earnings
.............................
(6,272
)
8,559
(3,699
)
Ending balance ...........................................
$
10,640
$
(431
)
$
10,471
NOTE 16. NET INCOME PER SHARE
Basic net income per share is computed using the weighted average number of common shares outstanding for the
period, excluding unvested restricted stock. Diluted net income per share is based upon the weighted average common shares
outstanding for the period plus dilutive potential common shares, including unvested restricted stock and stock options using
the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share for fiscal 2009, 2008 and 2007
(in thousands, except per share data):
2009
2008
2007
Net income ..................................................
$
386,508
$
871,814
$
723,807
Shares used to compute basic net income per share .................
524,470
539,373
584,203
Dilutive potential common shares:
Unvested restricted stock and performance share awards ..........
2,130
1,107
13
Stock options ..............................................
4,010
8,073
14,559
Shares used to compute diluted net income per share ...............
530,610
548,553
598,775
Basic net income per share .....................................
$
0.74
$
1.62
$
1.24
Diluted net income per share ...................................
$
0.73
$
1.59
$
1.21