THQ 2008 Annual Report Download - page 83

Other long-term assets as of March 31, 2008 and 2007 are as follows (in thousands):
March 31, March 31,
2008 2007
Investment in Yuke’s ............................... $ 7,080 $ 5,726
Other intangible assets (see Note 7) .................... 6,369 1,636
Other .......................................... 6,553 11,388
Total other long-term assets ......................... $20,002 $18,750
9. Capital Stock Transactions
As of March 31, 2007 we had $8.5 million authorized and available for common stock repurchases. During
fiscal 2008, our Board authorized the repurchase of up to $75.0 million of our common stock from time to
time on the open market or in private transactions. During the year ended March 31, 2008, we repurchased
2,193,400 shares of our common stock for approximately $54.9 million, leaving approximately $28.6 million
available for future repurchases. There is no expiration date for the authorized repurchases.
On January 18, 2008, in connection with our acquisition of Big Huge Games, Inc. (‘‘BHG’’), we issued an
aggregate of 199,631 shares of our common stock to stockholders of BHG as partial consideration for the
purchase of their shares of BHG. The shares are restricted from transfer and held in escrow by THQ until
certain criteria are met, as set forth in the BHG stock purchase agreement.
On July 30, 2007 we amended our certificate of incorporation to increase our authorized number of shares
of common stock to 225,000,000, from 75,000,000.
10. Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income were as follows (in thousands):
Foreign
Currency Net Unrealized Net Accumulated
Translation Gains (Losses) Other Comprehensive
Gains (Losses) on Securities Income (Loss)
Balance at March 31, 2005 .................... $ 9,729 $ 3,122 $12,851
Other comprehensive income (loss) .............. (3,085) 601 (2,484)
Balance at March 31, 2006 .................... 6,644 3,723 10,367
Other comprehensive income (loss) .............. 9,463 (2,227) 7,236
Balance at March 31, 2007 .................... 16,107 1,496 17,603
Other comprehensive income (loss) .............. 9,372 219 9,591
Balance at March 31, 2008 .................... $25,479 $ 1,715 $27,194
11. Earnings (Loss) Per Share
Basic earnings (loss) per share is computed as net income (loss) divided by the weighted average number
of shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that
could occur from common shares issuable through stock-based compensation plans including stock
options, stock-based awards and purchase opportunities under our ESPP. Effective April 1, 2006, we
adopted FAS 123R using the modified prospective transition method (see ‘‘Note 14—Stock-based
Compensation’’ for further disclosure of our stock-based compensation plans and our adoption of
FAS 123R). In applying the treasury stock method in determining our dilutive potential common shares,
assumed proceeds from dilutive weighted average outstanding options as of March 31, 2008 and 2007
include the windfall tax benefits, net of shortfalls, calculated under the ‘‘as-if’’ method as prescribed by
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