Cogeco 2009 Annual Report Download - page 66

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Consolidated financial statements COGECO CABLE INC. 2009 65
9. EARNINGS (LOSS) PER SHARE
The following table provides the reconciliation between basic and diluted earnings (loss) per share:
2009
2008
(in thousands of dollars, except number of shares and per share data) $ $
NET INCOME (LOSS)
(256,675)
133,282
WEIGHTED AVERAGE NUMBER OF MULTIPLE VOTING
AND SUBORDINATE VOTING SHARES OUTSTANDING
48,545,296 48,472,364
EFFECT OF DILUTIVE STOCK OPTIONS(1)
– 287,694
WEIGHTED AVERAGE NUMBER OF DILUTED MULTIPLE VOTING
AND SUBORDINATE VOTING SHARES OUTSTANDING
48,545,296 48,760,058
EARNINGS (LOSS) PER SHARE
BASIC
(5.29)
2.75
DILUTED
(5.29)
2.73
(1) IN 2009, THE WEIGHTED AVERAGE DILUTIVE POTENTIAL NUMBER OF SUBORDINATE VOTING SHARES, WHICH WERE ANTIDILUTIVE, AMOUNTED TO 125,326.
FURTHERMORE, 233,858 STOCK OPTIONS (106,099 IN 2008) WERE EXCLUDED FROM THE CALCULATION OF DILUTED EARNINGS (LOSS) PER SHARE AS THE EXERCISE
PRICE OF THE OPTIONS WAS GREATER THAN THE AVERAGE SHARE PRICE OF THE SUBORDINATE VOTING SHARES.
10. FIXED ASSETS
2009
2008
(in thousands of dollars) $
$
COST
LAND
4,230
4,226
BUILDINGS
47,048
41,440
CABLE SYSTEMS
1,875,193
1,711,584
EQUIPMENT, PROGRAMMING EQUIPMENT, FURNITURE AND FIXTURES
45,665
40,933
HOME TERMINAL DEVICES
312,076
259,675
ROLLING STOCK AND EQUIPMENT UNDER CAPITAL LEASES
17,588
16,551
OTHER EQUIPMENT
50,363
40,362
LEASEHOLD IMPROVEMENTS
21,682
16,881
2,373,845
2,131,652
ACCUMULATED AMORTIZATION
BUILDINGS
12,347
10,931
CABLE SYSTEMS
841,114
708,703
EQUIPMENT, PROGRAMMING EQUIPMENT, FURNITURE AND FIXTURES
24,151
20,851
HOME TERMINAL DEVICES
163,573
111,471
ROLLING STOCK AND EQUIPMENT UNDER CAPITAL LEASES
7,449
6,679
OTHER EQUIPMENT
19,501
13,082
LEASEHOLD IMPROVEMENTS
3,472
1,970
1,071,607
873,687
1,302,238
1,257,965