LensCrafters 2012 Annual Report Download - page 257
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| 171 >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:
2012 2011
Weighted average shares outstanding - basic 464,643,093 460,437,198
Effect of dilutive stock options 4,930,749 2,859,064
Weighted average shares outstanding - dilutive 469,573,841 463,296,262
Options not included in calculation of dilutive shares as the
average value was greater than the average price during the
respective period or performance measures related to the awards
have not yet been met 3,058,754 11,253,701
There were no atypical and/or unusual transactions that occurred in 2012 and 2011.
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 Euro0.0 thousand (Euro151.1 thousand in 2011).
The table below shows the assets and liabilities related to derivative contracts in effect as
of December 31, 2012 and 2011:
2012 2011
(thousands of Euro) Assets Liabilities Assets Liabilities
Interest rate swaps - cash flow hedge - (438) - (20,717)
Forward contracts - cash flow hedge 6,048 (681) 668 (3,890)
Total 6,048 (1,119) 668 (24,608)
of which:
Non-current portion - - - -
Interest rate swaps - cash flow hedge - - - (8,550)
Forward contracts - cash flow hedge - - -
Total - - - (8,550)
Current portion 6,048 (1,119) 668 (16,058)
31. ATYPICAL
AND/OR UNUSUAL
OPERATIONS
32. DERIVATIVE
FINANCIAL
INSTRUMENTS