Jack In The Box 2011 Annual Report Download - page 79

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Table of Contents


Comprehensive income — Our total comprehensive income, net of taxes, was as follows (in thousands):
  
Net earnings $ 80,600 $ 70,210 $ 118,408
Cash flow hedges:
Net change in fair value of derivatives (2,066) (837) (6,147)
Net loss reclassified to earnings 117 4,719 6,189
Total (1,949) 3,882 42
Tax effect 750 (1,481) (21)
(1,199) 2,401 21
Unrecognized periodic benefit costs:
Actuarial losses arising during the period (36,862) (8,426) (103,415)
Actuarial losses and prior service cost reclassified to earnings 10,544 12,051 503
Total (26,318) 3,625 (102,912)
Tax effect 10,364 (1,371) 39,254
(15,954) 2,254 (63,658)
Total comprehensive income $ 63,447 $ 74,865 $ 54,771
Accumulated other comprehensive loss — The components of accumulated other comprehensive loss, net of taxes, were as follows as of October 2,
2011 and October 3, 2010 (in thousands):
 
Unrecognized periodic benefit costs, net of tax benefits of $58,743 and $48,379, respectively $ (94,288) $ (78,334)
Net unrealized losses related to cash flow hedges, net of tax benefits of $1,030 and $280, respectively (1,652) (453)
Accumulated other comprehensive loss $ (95,940) $ (78,787)
 
Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per
share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that
would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include stock options,
nonvested stock awards and units, non-management director stock equivalents and shares issuable under our employee stock purchase plan.
Performance-vested stock awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end
of the respective periods.
The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):
  
Weighted-average shares outstanding — basic 49,302 55,070 56,795
Effect of potentially dilutive securities:
Stock options 422 512 619
Nonvested stock awards and units 225 182 169
Performance-vested stock awards 136 79 150
Weighted-average shares outstanding — diluted 50,085 55,843 57,733
Excluded from diluted weighted-average shares outstanding:
Antidilutive 3,157 3,266 2,763
Performance conditions not satisfied at the end of the period 328 160 179
F-35