THQ 2008 Annual Report Download - page 84

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FAS 123R. The following table is a reconciliation of the weighted-average shares used in the computation
of basic and diluted earnings (loss) per share for the periods presented (in thousands):
Fiscal Year Ended March 31,
2008 2007 2006
Net income (loss) used to compute basic and diluted earnings (loss) per
share ............................................... $(35,337) $68,038 $32,106
Weighted average number of shares outstanding—basic ............. 66,475 65,039 62,615
Dilutive effect of potential common shares ...................... — 2,554 2,905
Number of shares used to compute earnings (loss) per share—diluted . . 66,475 67,593 65,520
The following weighted average potential common shares were excluded from the computation of diluted
earnings (loss) per share above as such effect would have been antidilutive for the periods presented (in
thousands):
Fiscal Year Ended
March 31,
2008 2007 2006
Potential common shares ............................ 9,352 2,086 738
12. Income Taxes
United States and foreign income before taxes and details of the provision for income tax are as follows (in
thousands):
Fiscal Year Ended March 31,
2008 2007 2006
Income from continuing operations before income taxes and minority
interest:
United States ......................................... $(99,868) $60,955 $29,753
Foreign .............................................. 27,233 30,073 10,037
$(72,635) $91,028 $39,790
Provision for income tax (benefit) expense:
Current
Federal ............................................ $ (8,049) $ (518) $ (9,877)
State .............................................. (355) (12) 1,151
Foreign ............................................ 13,430 11,211 5,325
Total current ........................................ 5,026 10,681 (3,401)
Deferred
Federal ............................................ (33,833) 6,905 8,967
State .............................................. (6,310) (1,036) (5,057)
Foreign ............................................ (4,485) (519) (1,679)
Total deferred ....................................... (44,628) 5,350 2,231
Add back benefit (expense) recorded to stockholders’ equity:
Tax benefit related to stock option exercises ................... 3,921 8,866 9,162
Tax benefit (expense) related to unrealized (gain) loss on investments . (104) 1,309 (371)
Provision for income tax ................................... $(35,785) $26,206 $ 7,621
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