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102
The following table sets forth the components of other comprehensive income for fiscal 2006, 2005,
and 2004:
Unrealized Gain
(
Loss
)
on
Available-
for-Sale
Securities
Derivative
Instruments
Foreign
Currency
Translation
Total
Balance at November 28, 2003.............................................. 2,451 (2,489) (961) (999)
Unrealized gain (loss)............................................................ (6,696) 3,097 — (3,599)
Reclassification adjustment for (gains) losses recognized
during the period ..................................................................
(3,283)
405
—
(2,878)
Tax effect of above................................................................ 2,634 (1,013) — 1,621
Translation adjustments......................................................... — — 3,566 3,566
Other comprehensive income (loss)....................................... (7,345) 2,489 3,566 (1,290)
Balance at December 3, 2004 ................................................ (4,894) — 2,605 (2,289)
Unrealized gain (loss), net of tax........................................... (4,529) 12,771 — 8,242
Reclassification adjustment for (gains) losses recognized
during the period, net of tax .................................................
2,223
(7,453)
—
(5,230)
Translation adjustments......................................................... — — (1,637) (1,637)
Other comprehensive income (loss)....................................... (2,306) 5,318 (1,637) 1,375
Balance at December 2, 2005 ............................................... (7,200) 5,318 968 (914)
Unrealized gain, net of tax.................................................... 7,210 285 — 7,495
Reclassification adjustment for (gains) losses recognized
during the period, net of tax ................................................
865
(5,035)
—
(4,170)
Translation adjustments........................................................ — — 3,933 3,933
Other comprehensive income (loss)....................................... 8,075 (4,750) 3,933 7,258
Balance at December 1, 2006 ............................................... $ 875 $ 568 $ 4,901 $ 6,344
Note 14. Net Income Per Share
Basic net income per share is computed using the weighted average number of common shares
outstanding for the period, excluding unvested restricted stock. Diluted net income per share is based upon
the weighted average common shares outstanding for the period plus dilutive potential common shares,
including unvested restricted common stock and stock options using the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share for fiscal
2006, 2005 and 2004.
2006 2005 2004
Net income............................................................................................ 505,809 $ 602,839 $ 450,398
Shares used to compute basic net income per share.............................. 593,750 489,921 477,658
Dilutive potential common shares:
Unvested restricted stock .................................................................. 85 35 22
Stock options..................................................................................... 18,387 18,114 17,946
Shares used to compute diluted net income per share ........................... 612,222 508,070 495,626
Basic net income per share.................................................................... $ 0.85 $ 1.23 $ 0.94
Diluted net income per share................................................................. $ 0.83 $ 1.19 $ 0.91
For the fiscal 2006, 2005 and 2004, options to purchase approximately 17.7 million, 11.6 million, and
14.0 million shares, respectively, of common stock with exercise prices greater than the annual average fair