Supercuts 2012 Annual Report Download - page 133
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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
14. 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 (loss) income from continuing operations available to common shareholders and
the net (loss) 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 granted prior to fiscal year 2012
under the 2004 Plan generally vest at a rate of 20.0 percent annually on each of the first five anniversaries of the date of
130
2012 2011 2010
(Shares in thousands)
Basic earnings per share:
RSAs(1)
403
862
931
RSUs(1)
17
215
215
420
1,077
1,146
Diluted earnings per share:
Stock options(2)
789
890
960
SARs(2)
957
1,084
1,110
RSAs(2)
242
580
677
Shares issuable upon conversion of debt(2)
11,209
11,163
—
13,197
13,717
2,747
(1) Shares were not vested
(2)
Share were anti-dilutive
2012 2011 2010
(Dollars in thousands)
Net (loss) income from continuing
operations available to common
shareholders
$
(115,192
)
$
(8,905
)
$
39,579
Effect of dilutive securities:
Interest on convertible debt
—
—
7,520
Net (loss) income from continuing
operations for diluted earnings per share
$
(115,192
)
$
(8,905
)
$
47,099