Jack In The Box 2009 Annual Report Download - page 70

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Table of Contents


The components of accumulated other comprehensive loss, net of taxes, were as follows as of September 27, 2009 and
September 28, 2008 (in thousands):
 
Unrecognized periodic benefit costs, net of tax benefits of $49,750 and $10,520, respectively $(80,588) $(16,970)
Net unrealized losses related to cash flow hedges, net of tax benefits of $1,761 and $1,782, respectively (2,854) (2,875)
Accumulated other comprehensive loss $ (83,442) $(19,845)
 
Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our
diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the
number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive
common shares include stock options, nonvested stock awards and units, non-management director stock equivalents and shares
issuable under our employee stock purchase plan. Performance-vested stock awards are included in the average diluted shares
outstanding each period if the performance criteria have been met at the end of the respective periods.
The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in
thousands):
  
Weighted-average shares outstanding — basic 56,795 58,249 65,314
Effect of potentially dilutive securities:
Stock options 619 879 1,533
Nonvested stock awards 169 248 270
Performance-vested stock awards 150 69 146
Weighted-average shares outstanding — diluted 57,733 59,445 67,263
Excluded from diluted weighted-average shares outstanding:
Antidilutive 2,763 1,611 557
Performance conditions not satisfied at the end of the period 179 261 378
 
The primary entities in which we possess a variable interest are franchise entities, which operate our franchised restaurants. We do
not possess any ownership interests in franchise entities. We have reviewed these franchise entities and determined that we are not the
primary beneficiary of the entities and therefore, these entities have not been consolidated.
We use advertising funds for both our restaurant concepts to administer our advertising programs. These funds are consolidated into
our financial statements as they are deemed variable interest entities (“VIEs”) for which we are the primary beneficiary. Contributions to
these funds are designated for advertising, and we administer the funds’ contributions. The Company’s maximum loss exposure for these
funds is limited to its investment.
F-31