Cogeco 2004 Annual Report Download - page 44

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
42 Cogeco Cable Inc. 2004
9CAPITAL STOCK (continued)
At August 31, 2004, the range of exercise prices, the weighted average exercise price and the weighted average remaining contractual life
of options are as follows:
Options outstanding Options exercisable
Weighted
average Weighted Weighted
remaining average average
Number contractual exercise Number exercise
Range of exercise prices outstanding life (years) price exercisable price
$$$
7.05 112,162 8.17 7.05 44,865 7.05
11.79 to 14.30 29,390 4.33 13.49 27,590 13.60
15.70 to 18.12 164,282 9.19 16.56 32,857 16.56
20.40 to 25.20 183,775 6.77 23.09 129,237 22.97
36.10 to 40.75 19,906 6.13 36.39 16,225 36.45
509,515 7.69 17.42 250,774 19.12
The Corporation recorded compensation expense for options granted on or after September 1, 2003. If compensation cost had been recognized
using the fair value-based method at the grant date for options granted between September 1, 2001 and August 31, 2003, the Corporation’s
net loss and loss per share for the years ended August 31, 2004 and 2003 would have been increased to the following pro forma amounts:
2004 2003
(amounts are in thousands of dollars, except per share data) (restated)
$$
Net loss
As reported 32,194 124
Pro forma 32,578 513
Basic and diluted loss per share
As reported 0.81 0.00
Pro forma 0.82 0.01
Since the method of accounting under CICA Handbook section 3870 has not been applied to options granted prior to September 1, 2001,
the pro forma compensation cost may not be representative of compensation cost to be expected in future years.