THQ 2009 Annual Report Download - page 87

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12. Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) 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, 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
Other comprehensive income (loss) .............. (28,019) (1,567) (29,586)
Balance at March 31, 2009 .................... $ (2,540) $ 148 $ (2,392)
The foreign currency translation adjustments relate to indefinite investments in non-U.S. subsidiaries and
thus are not adjusted for income taxes.
13. Earnings (Loss) Per Share
Basic earnings (loss) per share is computed as net earnings (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. In applying the treasury stock
method in determining our dilutive potential common shares, assumed proceeds from dilutive
weighted-average outstanding options include the windfall tax benefits, net of shortfalls, calculated under
the ‘‘as-if’’ method as prescribed by 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,
2009 2008 2007
Net earnings (loss) used to compute basic and diluted earnings (loss)
per share ........................................... $(431,112) $(35,337) $68,038
Weighted average number of shares outstanding—basic ........... 66,861 66,475 65,039
Dilutive effect of potential common shares .................... — — 2,554
Number of shares used to compute earnings (loss) per share—diluted . 66,861 66,475 67,593
As a result of our net loss for fiscal years 2009 and 2008, 9.0 million and 5.2 million potential common
shares have been excluded from the computation of diluted earnings per share, respectively, as their
inclusion would have been antidilutive.
As a result of our net income for fiscal 2007, all potential shares were included in the computation of
diluted earnings per share.
Had we reported net income for fiscal 2009 and 2008, an additional 0.7 million and 1.8 million shares of
common stock, respectively, would have been included in the number of shares used to calculate diluted
earnings per share.
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