Henry Schein 2003 Annual Report Download - page 45

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
(In thousands, except share and per share data)
Note 2–Earnings Per Share
A reconciliation of shares used in calculating basic and diluted earnings per common share follows:
Years ended
December 27, December 28, December 29,
2003 2002 2001
Basic 43,708,586 43,489,229 42,366,048
Effect of assumed conversion of
stock options 1,279,162 1,382,965 1,179,061
Diluted 44,987,748 44,872,194 43,545,109
Weighted-average options to purchase 17,177, 30,322 and 1,142,556 shares of common stock at prices ranging from $52.51 to $68.83,
$46.80 to $54.00 and $35.50 to $46.00 per share that were outstanding during 2003, 2002 and 2001 were excluded from the computation
of diluted earnings per common share. In each of these periods, the options’ exercise prices exceeded the average market price of our
common stock.
Note 3–Investments in Marketable Securities
Investments in available-for-sale securities as of December 27, 2003 were as follows:
Gross Gross Fair
Amortized Unrealized Unrealized Market
Cost Gain Loss Value
Debt Securities recorded at market,
maturing within one year
Municipal securities $ 3,012 $ –– $ –– $ 3,012
Total short-term 3,012 –– –– 3,012
Debt Securities recorded at market,
maturing between one and three years
U.S. government and agency securities 10,505 1 (22) 10,484
Municipal securities 1,000 –– –– 1,000
Total long-term 11,505 1 (22) 11,484
Total investments in marketable securities $14,517 $ 1 $ (22) $14,496
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