LensCrafters 2011 Annual Report Download - page 249

| 173 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
The table reported below provides the reconciliation between the average weighted
number of shares utilized to calculate basic and diluted earnings per share:
 2011 2010
Weighted average shares outstanding – basic 460,437,198 458,711,441
Effect of dilutive stock options 2,859,064 1,823,956
Weighted average shares outstanding – dilutive 463,296,262 460,535,397
Options not included in calculation of dilutive shares as the
exercise price was greater than the average price during the
respective period or performance measures related to the awards
have not yet been met 11,253,701 11,497,532
There were no atypical and/or unusual transactions that occurred in 2011 and 2010.
Derivatives are classified as current or non-current assets and liabilities. The fair value of
derivatives is classified as a long-term asset or liability for the portion of cash flows expiring
after 12 months, and as a current asset or liability for the portion expiring within 12 months.
The ineffective portion recorded in Other-net within the consolidated statement of income
amounted to Euro 151.1 thousand (Euro 47.4 thousand in 2010).
The table below shows the assets and liabilities related to derivative contracts in effect as
of December 31, 2011 and 2010:
2011 2010
(thousands of Euro) Assets Liabilities Assets Liabilities
Interest rate swaps – cash flow hedge – (20,717) – (53,865)
Forward contracts – cash flow hedge 668 (3,890) 1,484 (4,311)
Total 668 (24,608) 1,484 58,176
of which:
Non-current portion ––––
Interest rate swaps – cash flow hedge – (8,550) – (52,964)
Forward contracts – cash flow hedge – – –
Total – (8,550) – (52,964)
Current portion 668 (16,058) 1,484 (5,212)
30. ATYPICAL
AND/OR UNUSUAL
OPERATIONS
31. DERIVATIVE
FINANCIAL
INSTRUMENTS