Crucial 2011 Annual Report Download - page 158
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8
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
Loss per common share is computed by dividing net loss by weighted-
average number of outstanding shares during the year.
Stock options and stock bonus to employees accrued in current year’
s earnings and awaiting approval by the shareholders in
the following year, are potential common shares. Both basic and diluted loss per share is disclosed if those potential common
shares are dilutive, otherwise, only basic earnings (loss) per share are disclosed. Diluted loss per share is computed by taking
basic loss per share into consideration, plus the additional common shares that would have been outstanding if the potentially
dilutive shares are issued.
The number of outstanding shares is retroactively adjusted for common stock issued through the distribution of stock
dividends out of unappropriated earnings and capital surplus.
(Continued)
(r)
Loss per share
(3)
Reasons for and Cumulative Effect of Accounting Principle Change
(a)
Effective January 1, 2008, the Company adopted SFAS No. 39 “Share-Based Payment”
and Interpretation Rule (96) 052
issued by ARDF, which define the classification, measurement and disclosure of share-
based payment transactions, bonus to
employees and remuneration to directors and supervisors. The adoption of this new accounting principle increased net loss
by $15,839 thousand and decreased earnings per share by $0.005 for the year ended December 31, 2008. In addition, under
the Interpretation Rule (97) 169 issued by ARDF, the basic
or diluted earnings per share are not retroactively adjusted for
common stock issued through employee stock bonus. However, employee stock bonus is considered in the calculation of
diluted earnings per share if those potential common shares are dilutive.
(b)
Effective January 1, 2009, the Company adopted the newly revised SFAS No. 10 “Inventories”
with no retroactive
presentation requirement. The adoption of this new accounting principle resulted in the inclusion to the cost of goods sold of
the unallocated fixed overhead and direct labor cost of $12,903,228 and gain from price recovery of inventories of
$1,767,684 for the year ended December 31, 2009.