Symantec 2000 Annual Report Download - page 51

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0{ 51
NOTE 13. NET INCOME PER SHARE
The components of net income per share were as follows:
Year Ended March 31,
(In thousands, except per share data) 2000 1999 1998
Basic Net Income Per Share
Net income $ 170,148 $ 50,201 $ 85,089
Weighted average number of common shares outstanding during the period 57,870 56,601 56,097
Basic net income per share $2.94 $ 0.89 $ 1.52
Diluted Net Income Per Share
Net income $ 170,148 $ 50,201 $ 85,089
Interest on convertible subordinated debentures, net of income tax effect — 627 692
Net income, as adjusted $ 170,148 $ 50,828 $ 85,781
Weighted average number of common shares outstanding during the period 57,870 56,601 56,097
Shares issuable from assumed exercise of options 4,344 1,684 2,964
Shares issuable from assumed conversion of convertible subordinated debentures — 1,004 1,220
Total shares for purpose of calculating diluted net income per share 62,214 59,289 60,281
Diluted net income per share $2.73 $0.86 $1.42
For the twelve months ended March 31, 2000, shares issuable from
assumed exercise of options exclude approximately 464,000
options, as their effect on diluted net income per share would
have been anti-dilutive.
NOTE 14. OTHER COMPREHENSIVE INCOME (LOSS)
We adopted SFAS No. 130, Reporting Comprehensive Income, begin-
ning with the quarter ended June 30, 1998. SFAS No. 130 established
new rules for the reporting and disclosure of other comprehensive
income (loss) and its components; however, it has no impact on our
net income or stockholders’ equity. The components of other com-
prehensive income (loss), net of tax, are as follows:
Year Ended March 31,
(In thousands) 2000 1999 1998
Other comprehensive loss:
Change in unrealized (loss)
gain on available-for-sale
investments, net of a tax
(benefit) provision of
($983), ($290) and $35 $(2,089)$(616)$181
Reclassification adjustment for
gains included in net income,
net of a tax provision of
$9, $73 and $020155—
Change in cumulative translation
adjustment, net of a tax
(benefit) of ($3,072),
($1,476) and ($993) (6,528) (6,090) (5, 136)
Total other
comprehensive loss $ (8,597) $ (6, 551) $ (4,955)