eTrade 2012 Annual Report Download - page 164
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Available-for-sale
Securities
Cash Flow
Hedging
Instruments
Foreign
Currency
Translation Total
Beginning balance, December 31, 2010 $(131,313) $(308,498) $ 1,171 $(438,640)
Net change 199,643 (149,455) 1,823 52,011
Ending balance, December 31, 2011 $ 68,330 $(457,953) $ 2,994 $(386,629)
Available-for-sale
Securities
Cash Flow
Hedging
Instruments
Foreign
Currency
Translation Total
Beginning balance, December 31, 2009 $(131,073) $(278,548) $ 5,491 $(404,130)
Net change (240) (29,950) (4,320) (34,510)
Ending balance, December 31, 2010 $(131,313) $(308,498) $ 1,171 $(438,640)
Conversions of Convertible Debentures
During the years ended December 31, 2012 and 2011, $0.4 million and $660.9 million of the Company’s
convertible debentures were converted into less than 0.1 million and 63.9 million shares of common stock,
respectively. For further details on the convertible debentures, see Note 12—Corporate Debt.
Preferred Stock
The Company has 1.0 million shares authorized in preferred stock. None were issued and outstanding at
December 31, 2012 and 2011. On March 30, 2010, the Company amended its Certificate of Incorporation to
eliminate the designation of the Series A Preferred Stock and Series B Participating Cumulative Preferred Stock.
NOTE 16—EARNINGS (LOSS) PER SHARE
The following table is a reconciliation of basic and diluted earnings (loss) per share for the years ended
December 31, 2012, 2011 and 2010 (in thousands, except per share amounts):
Year Ended December 31,
2012 2011 2010
Basic:
Net income (loss) $(112,583) $156,701 $ (28,472)
Basic weighted-average shares outstanding 285,748 267,291 211,302
Basic earnings (loss) per share $ (0.39) $ 0.59 $ (0.13)
Diluted:
Net income (loss) $(112,583) $156,701 $ (28,472)
Basic weighted-average shares outstanding 285,748 267,291 211,302
Effect of dilutive securities:
Weighted-average convertible debentures — 21,924 —
Weighted-average options and restricted stock issued to
employees — 607 —
Diluted weighted-average shares outstanding 285,748 289,822 211,302
Diluted earnings (loss) per share $ (0.39) $ 0.54 $ (0.13)
161