Henry Schein 2013 Annual Report Download - page 91

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
82
Note 10 – Plans of Restructuring – (Continued)
The following table shows, by reportable segment, the amounts expensed and paid for restructuring costs that
were incurred during our 2013, 2012 and 2011 fiscal years and the remaining accrued balance of restructuring costs
as of December 28, 2013:
Technology and
Health Care Value-Added
Distribution Services Total
Balance, December 25, 2010 .........................................................
.
4,343 - 4,343
Provision .......................................................................................
.
- - -
Payments and other adjustments ...................................................
.
(3,223) - (3,223)
Balance, December 31, 2011 .........................................................
.
1,120 - 1,120
Provision .......................................................................................
.
14,981 211 15,192
Payments and other adjustments ...................................................
.
(13,058) (197) (13,255)
Balance, December 29, 2012 .........................................................
.
3,043 14 3,057
Provision .......................................................................................
.
- - -
Payments and other adjustments ...................................................
.
(2,332) (14) (2,346)
Balance, December 28, 2013 .........................................................
.
$ 711 $ - $ 711
Note 11 – Earnings Per Share
Basic earnings per share is computed by dividing net income attributable to Henry Schein, Inc. by the
weighted-average number of common shares outstanding for the period. Our diluted earnings per share is
computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable for
presently unvested restricted stock and restricted stock units and upon exercise of stock options, using the treasury
stock method in periods in which they have a dilutive effect.
A reconciliation of shares used in calculating earnings per basic and diluted share follows:
Years Ended
December 28, December 29, December 31,
2013 2012 2011
Basic .............................................................................................................
.
85,926 87,499 90,120
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units .........................
.
1,696 2,324 2,500
Diluted .....................................................................................................
.
87,622 89,823 92,620
Weighted-average options to purchase 8 shares of common stock at an exercise price of $69.45 per share that
were outstanding during the year ended December 31, 2011 were excluded from the computation of diluted
earnings per share because the options’ exercise price exceeded the average market price of our common stock
during the year, thereby causing the effect of such options to be anti-dilutive.