Tucows 2013 Annual Report Download - page 79

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Other comprehensive income (loss), net of tax
Unrealized income (loss) on hedging activities
(260,624
)
44,104
-
Net amount reclassified to earnings
(28,461
)
-
-
Other comprehensive income (loss), net of tax of $150,587 (2012
: $22,975)
$
(289,085
)
$
44,104
-
Comprehensive income for the year
$
3,891,379
$
4,468,246
$
6,170,231
Basic earnings per common share (note 12)
$
0.40
$
0.39
$
0.46
Shares used in computing basic earnings per common share (note 12)
10,468,250
11,458,216
13,363,669
Diluted earnings per common share (note 12)
$
0.37
$
0.36
$
0.44
Shares used in computing diluted earnings per common share (note 12)
11,281,409
12,283,736
13,937,359
(*) Stock-based compensation has been included in operating expenses
as follows:
Network expenses
$
31,664
$
24,480
$
22,972
Sales and marketing
$
129,302
$
92,168
$
91,244
Technical operations and development
$
78,800
$
59,141
$
51,984
General and administrative
$
191,137
$
184,910
$
144,756
See accompanying notes to consolidated financial statements
F-5
Tucows Inc.
Consolidated Statements of Stockholders’ Equity
(Dollar amounts in U.S. dollars)
Common stock
Additional
paid in
Accumulated
Other
Comprehensive
Total
stockholders'
Number
Amount
capital
Deficit
Income (loss)
equity
Balances, December 31, 2010
13,362,949
$
11,324,866
$
40,700,587
$
(28,104,216
)
$
-
$
23,921,237
Exercise of stock options
18,427
38,846
(7,500
)
-
-
31,346
Repurchase and retirement of
shares (note 8)
(5,942
)
(4,753
)
(13,689
)
-
-
(18,442
)
Cancellation of restricted stock
(238
)
-
-
-
-
-
Other proceeds
-
-
3,659
-
-
3,659
Stock-based compensation (note
9)
-
-
310,956
-
-
310,956
Net income
-
-
-
6,170,231
-
6,170,231
Balances, December 31, 2011
13,375,196
11,358,959
40,994,013
(21,933,985
)
-
30,418,987
Exercise of stock options
191,585
713,746
(295,638
)
-
-
418,108
Repurchase and retirement of
shares (note 8)
(2,485,360
)
(1,988,288
)
(7,127,545
)
-
-
(9,115,833
)
Cancellation of restricted stock
(81
)
-
-
-
-
-
Stock-based compensation (note
9)
-
-
360,699
-
-
360,699
Net income
-
-
-
4,424,142
-
4,424,142
Other comprehensive income
-
-
-
-
44,104
44,104