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Annual Report
NOTE 16. 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)
Year Ended
December 27,
2009
December 28,
2008
As adjusted-Note 1
December 30, 2007
As adjusted-Note 1
Numerator:
Net income (loss) .................... $ 46,877 $128,297 $ (57,233)
Denominator:
Basic weighted average common shares
outstanding (1) ......................... 226,225 221,659 216,330
Dilutive effect of employee stock options
and awards ....................... 3,343 2,028 —
Diluted weighted average common shares
outstanding (1) ......................... 229,567 223,687 216,330
Basic net income (loss) per share ............ $ 0.21 $ 0.58 $ (0.26)
Diluted net income (loss) per share .......... $ 0.20 $ 0.57 $ (0.26)
(1) PMC-Sierra, Ltd. Special Shares are included in the calculation of basic weighted average common shares
outstanding.
In 2007, the Company had approximately 2.2 million options that were not included in diluted net loss per
share because they would be antidilutive.
NOTE 17. COMPREHENSIVE INCOME (LOSS)
The components of comprehensive income (loss), net of tax, are as follows:
(in thousands)
Year Ended
December 27,
2009
December 28,
2008
As adjusted-Note 1
December 30,
2007
As adjusted-Note 1
Net income (loss) ........................ $46,877 $128,297 $(57,233)
Adjustments related to the adoption of
FIN48............................... — — 4,733
Other comprehensive (loss) income:
Change in net unrealized gains on
investments, net of tax of $264 in 2009
(2008—$nil; 2007—$nil) .............. 616 — —
Change in fair value of derivatives, net of tax
of $1,647 in 2009 (2008—$2,157;
2007—$1,328) ...................... 3,766 (4,655) 2,564
Total .................................. $51,259 $123,642 $(49,936)
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