Computer Associates 2005 Annual Report Download - page 114

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Table of Contents
Note 1 — Significant Accounting Policies (Continued)
Net Loss From Continuing Operations per Share: Basic and dilutive loss per share from continuing operations are computed by dividing
net loss by the weighted-average number of common shares outstanding for the period.
Year Ended March
31,
2005 2004 2003
(restated) (restated) (restated)
(in millions, except per share amounts)
Loss from continuing operations, net of taxes $(2) $ (81) $(340)
Interest expense associated with the Convertible Senior Notes, net of tax(1)
—
—
—
Numerator in calculation of diluted loss per share $(2) $ (81) $(340)
Weighted average shares outstanding and common share equivalents
Weighted average common shares outstanding 588 580 575
Weighted average Convertible Senior Note shares outstanding
—
—
—
Weighted average stock options outstanding, net
—
—
Weighted average shareholder settlement shares(2)
—
—
—
Denominator in calculation of diluted earnings (loss) per share 588 580 575
Diluted loss per share from continuing operations(3) $ (0.01) $ (0.14) $ (0.60)
(1) If the common share
equivalents for the
5% Convertible
Senior Notes
(27 million shares)
issued in
March 2002 and the
1.625% Convertible
Senior Notes
(23 million shares)
issued in
December 2002
(collectively, the
Notes) had been
dilutive, interest
expense, net of tax,
related to the Notes
would have been
added back to
income from
continuing
operations to
calculate diluted
earnings per share
from continuing
operations. The
related interest
expense, net of tax,
for each of the fiscal
years ended
March 31, 2005,
2004 and 2003
totaled
approximately
$25 million.
(2) A portion of the
shareholder
settlement shares
were deemed