Supercuts 2011 Annual Report Download - page 136

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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. SHAREHOLDERS' EQUITY (Continued)
The following table sets forth the awards which are excluded from the various earnings per share calculations:
The following table sets forth a reconciliation of the net income from continuing operations available to common shareholders and the net
income from continuing operations for diluted earnings per share under the if-converted method:
Stock-based Compensation Award Plans:
In May of 2004, the Company's Board of Directors approved the 2004 Long Term Incentive Plan (2004 Plan). The 2004 Plan received
shareholder approval at the annual shareholders' meeting held on October 28, 2004. The 2004 Plan provides for the granting of stock options,
equity-based stock appreciation rights (SARs) and restricted stock, as well as cash-based performance grants, to employees and directors of the
Company. On March 8, 2007, the Company's Board of Directors approved an amendment to the 2004 Plan to permit the granting and issuance of
restricted stock units (RSUs). On October 28, 2010, the shareholders of Regis Corporation approved an amendment to the 2004 Plan to increase
the maximum number of shares of the Company's common stock authorized for issuance pursuant to grants and awards from 2,500,000 to
6,750,000. The 2004 Plan expires on May 26, 2014. Stock options, SARs and restricted stock under the 2004 Plan generally vest at a rate of
20.0 percent
131
2011
2010
2009
(Shares in thousands)
Basic earnings per share:
RSAs(1)
862
931
817
RSUs(1)
215
215
215
1,077
1,146
1,032
Diluted earnings per share:
Stock options(2)
890
960
899
SARs(2)
1,084
1,110
613
RSAs(2)
580
677
301
RSUs(2)
—
—
215
Shares issuable upon conversion of
debt(2)
11,163
—
—
13,717
2,747
2,028
(1) Awards were not vested
(2)
Awards were anti
-
dilutive
2011 2010 2009
(Dollars in thousands)
Net (loss) income from
continuing operations
available to common
shareholders
$
(8,905
)
$
39,579
$
6,970
Effect of dilutive securities:
Interest on convertible debt
—
7,520
—
Net (loss) income from
continuing operations for
diluted earnings per share
$
(8,905
)
$
47,099
$
6,970