eTrade 2005 Annual Report Download - page 108

Income before income taxes, minority interest and discontinued operations
676,126
564,487
307,061
Income tax expense
229,823
181,764
111,601
Minority interest in subsidiaries
65
893
(5,061
)
Net income from continuing operations
446,238
381,830
200,521
Discontinued operations, net of tax:
Gain (loss) from discontinued operations, net
(21,495
)
(32,755
)
2,506
Gain on disposal of discontinued operations, net
4,023
31,408
—
Net income (loss) from discontinued operations
(17,472
)
(1,347
)
2,506
Cumulative effect of accounting change, net of tax
1,646
—
—
Net income
$
430,412
$
380,483
$
203,027
Basic income per share
Basic income per share from continuing operations
$
1.20
$
1.04
$
0.56
Basic income (loss) per share from discontinued operations
(0.04
)
(0.00
)
0.01
Basic income per share from cumulative effect of accounting change
0.00
—
—
Basic net income per share
$
1.16
$
1.04
$
0.57
Diluted income per share
Diluted income per share from continuing operations
$
1.16
$
0.99
$
0.55
Diluted income (loss) per share from discontinued operations
(0.04
)
(0.00
)
0.00
Diluted income per share from cumulative effect of accounting change
0.00
—
—
Diluted net income per share
$
1.12
$
0.99
$
0.55
Shares used in computation of per share data:
Basic
371,468
366,586
358,320
Diluted
384,630
405,389
367,361
See accompanying notes to consolidated financial statements
68
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2006. EDGAR Online, Inc.