Shaw 2010 Annual Report Download - page 96

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Contributed surplus
The changes in contributed surplus are as follows:
2010
$
2009
$
Balance, beginning of year 38,022 23,027
Stock-based compensation 17,838 16,974
Stock options exercised (2,530) (1,979)
Balance, end of year 53,330 38,022
As at August 31, 2010, the total unamortized compensation cost related to unvested options is
$32,453 and will be recognized over a weighted average period of approximately 2.9 years.
Dividends
To the extent that dividends are declared at the election of the board of directors, the holders of
Class B Non-Voting Shares are entitled to receive during each dividend period, in priority to the
payment of dividends on the Class A Shares, an additional dividend at a rate of $0.0025 per share
per annum. This additional dividend is subject to proportionate adjustment in the event of future
consolidations or subdivisions of shares and in the event of any issue of shares by way of stock
dividend. After payment or setting aside for payment of the additional non-cumulative dividends on
the Class B Non-Voting Shares, holders of Class A Shares and Class B Non-Voting Shares participate
equally, share for share, as to all subsequent dividends declared.
Share transfer restriction
The Articles of the Company empower the directors to refuse to issue or transfer any share of the
Company that would jeopardize or adversely affect the right of Shaw Communications Inc. or any
subsidiary to obtain, maintain, amend or renew a license to operate a broadcasting undertaking
pursuant to the Broadcasting Act (Canada).
Earnings per share
Earnings per share calculations are as follows:
2010 2009 2008
Numerator for basic and diluted earnings per share($) 532,732 536,475 673,201
Denominator (thousands of shares)
Weighted average number of Class A Shares and Class B
Non-Voting Shares for basic earnings per share 432,675 429,153 431,070
Effect of potentially dilutive securities 1,207 1,628 2,797
Weighted average number of Class A Shares and Class B
Non-Voting Shares for diluted earnings per share 433,882 430,781 433,867
Earnings per share($)
Basic 1.23 1.25 1.56
Diluted 1.23 1.25 1.55
92
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2010, 2009 and 2008
[all amounts in thousands of Canadian dollars except share and per share amounts]