Canon 2007 Annual Report Download - page 92

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90
Thousands of U.S. dollars
Before-tax Tax (expense) Net-of-tax
amount or benefit amount
2007:
Foreign currency translation adjustments $ (3,246) $ 2,702 $ (544)
Net unrealized gains and losses on securities:
Amount arising during the year (63,482) 26,640 (36,842)
Reclassification adjustments for gains and losses realized in net income (2,570) 23,816 21,246
Net change during the year (66,052) 50,456 (15,596)
Net gains and losses on derivative instruments:
Amount arising during the year 5,175 (2,070) 3,105
Reclassification adjustments for gains and losses realized in net income 6,772 (2,737) 4,035
Net change during the year 11,947 (4,807) 7,140
Pension liability adjustments:
Amount arising during the year 550,597 (232,474) 318,123
Reclassification adjustments for gains and losses realized in net income (50,579) 21,737 (28,842)
Net change during the year 500,018 (210,737) 289,281
Other comprehensive income (loss) $442,667 $(162,386) $280,281
18. Net Income per Share
The basic and diluted net income per share as well as the
number of shares has been calculated to reflect the three-for-
two stock split that was completed on July 1, 2006.
A reconciliation of the numerators and denominators of basic
and diluted net income per share computations is as follows:
Years ended December 31 Thousands of
Millions of yen U.S. dollars
2007 2006 2005 2007
Net income ¥488,332 ¥455,325 ¥384,096 $4,283,614
Effect of dilutive securities:
1.20% Japanese yen convertible debentures,
due 2005 ——5 —
1.30% Japanese yen convertible debentures,
due 2008 4818 35
Diluted net income ¥488,336 ¥455,333 ¥384,119 $4,283,649
Number of shares
Average common shares outstanding 1,293,295,680 1,331,542,074 1,330,760,715
Effect of dilutive securities:
1.20% Japanese yen convertible debentures,
due 2005 —— 185,755
1.30% Japanese yen convertible debentures,
due 2008 221,751 474,796 1,118,931
Diluted common shares outstanding 1,293,517,431 1,332,016,870 1,332,065,401
Yen U.S. dollars
Net income per share:
Basic ¥377.59 ¥341.95 ¥288.63 $3.31
Diluted 377.53 341.84 288.36 3.31
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES