Adaptec 2006 Annual Report Download - page 102

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Table of Contents
NOTE 17. Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net (loss) income per share:
(in thousands, except per share amounts)
December 31,
2006
December 31,
2005
December 26,
2004
Numerator:
Net (loss) income $ (99,892) $ 27,986 $ 51,681
Denominator:
Basic weighted average common shares outstanding (1)
203,470 184,098 180,353
Effect of dilutive securities:
Stock options — 5,034 8,550
Basic and diluted weighted average common shares outstanding (1)
203,470 189,132 188,903
Basic net (loss) income per share $ (0.49) $ 0.15 $ 0.29
Diluted net (loss) income per share $ (0.49) $ 0.15 $ 0.27
In 2006, the Company had approximately 6.0 million options that were not included in diluted net loss per share because they would be antidilutive.
(1) PMC-Sierra, Ltd. Special Shares are included in the calculation of basic weighted average common shares outstanding.
NOTE 18. Comprehensive Income
The components of comprehensive income, net of tax, are as follows:
(in thousands)
December 31,
2006
December 31,
2005
December 26,
2004
Net (loss) income $ (99,892) $ 27,986 $ 51,681
Other comprehensive (loss) income:
Change in net unrealized gains on investments, net of tax of $91 in 2006 (2005 - $246 and 2004
- $1,083) (12) 929 (1,559)
Change in fair value of derivatives, net of tax of $1,530 in 2006 ( 2005 - $727 and 2004 - $20) (2,838) 444 71
Total $ (102,742) $ 29,359 $ 50,193
100
Source: PMC SIERRA INC, 10-K, March 01, 2007 Powered by Morningstar® Document Research℠