Cabela's 2004 Annual Report Download - page 106

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CABELA'S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
(Dollar Amounts in Thousands Except Share and Per Share Amounts)
The following summarizes information about stock options outstanding as of Ñscal year ended 2004:
Options
Options Outstanding Exercisable
Average
Remaining
Exercise Price Number Contractual Life Number
$ 0.00 to $ 5.00 774,363 3.0 years 196,342
$ 5.01 to $10.00 859,697 6.3 years 227,539
$10.01 to $15.00 1,712,054 6.38 years 390,853
$15.01 to $20.00 785,381 9.3 years 174,691
$20.01 to $25.00 2,000 10.0 years Ì
$25.01 to $30.00 4,000 9.6 years Ì
$11.06 4,137,495 989,425
16. EARNINGS PER SHARE
Basic earnings per share (""EPS'') is computed by dividing net income by the weighted average
number of shares of common stock outstanding during the period. Diluted earnings per share is computed
by dividing net income by the sum of the weighted average number of shares outstanding plus all
additional common shares that would have been outstanding if potentially dilutive common share
equivalents had been issued. Options exercised prior to vesting have not been considered in the basic EPS
calculation but are considered in the computation of diluted EPS. There were 6,000 options outstanding
that were considered anti-dilutive for 2004. The following table reconciles the number of shares utilized in
the earnings per share calculations:
Fiscal Years Ended
2004 2003 2002
Weighted average number of shares:
Common shares Ì basic ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 61,277,352 52,059,926 49,899,203
EÅect of dilutive securities:
Stock OptionsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,000,048 3,246,368 3,500,343
Common shares Ì diluted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 63,277,400 55,306,294 53,399,546
17. STOCKHOLDERS' EQUITY
Class A Voting Common Stock Ì There are 245,000,000 shares of Class A common stock authorized,
par value $0.01 per share. At Ñscal year ended 2004 there were 56,733,521 shares of Class A common
stock outstanding, including 238,546 shares of unvested early exercised options. The holders of the
Company's Class A common stock will be entitled to receive ratably dividends, if any, the board of
directors may declare from time to time from funds legally available therefore, subject to the preferential
rights of the holders of any shares of the Company's preferred stock that the Company may issue in the
future. The holders of the Company's Class A common stock will be entitled to one vote per share on any
matter to be voted upon by stockholders.
Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company's aÅairs, the
holders of the Company's Class A common stock are entitled to share ratably with the holders of Class B
non-voting common stock in all assets remaining after payment to creditors and subject to prior
distribution rights of any shares of preferred stock that the Company may issue in the future. All of the
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