Symantec 2007 Annual Report Download - page 104

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Note 9. Net Income Per Share
The components of net income per share are as follows:
2007 2006 2005
Year Ended March 31,
(In thousands, except per share data)
Basic net income per share
Net income ...................................... $404,380 $ 156,852 $536,159
Weighted-average number of common shares outstanding
during the period ................................ 960,575 998,733 660,631
Basic net income per share .......................... $ 0.42 $ 0.16 $ 0.81
Diluted net income per share
Net income ...................................... $404,380 $ 156,852 $536,159
Interest on convertible subordinated notes, net of income tax
effect......................................... — — 8,380
Net income, as adjusted ............................. $404,380 $ 156,852 $544,539
Weighted-average number of common shares outstanding
during the period ................................ 960,575 998,733 660,631
Shares issuable from assumed exercise of options using the
treasury stock method ............................ 20,047 27,081 35,745
Shares issuable from assumed conversion of 3% convertible
subordinated notes ............................... — — 41,780
Dilutive impact of restricted stock and restricted stock units
using the treasury stock method ..................... 522 42 89
Dilutive impact of assumed conversion of Senior Notes using
the treasury stock method.......................... 2,117 — —
Total shares for purpose of calculating diluted net income per
share ......................................... 983,261 1,025,856 738,245
Diluted net income per share ......................... $ 0.41 $ 0.15 $ 0.74
The following potential common shares were excluded from the computation of diluted net income per share
as their effect would have been anti-dilutive:
2007 2006 2005
Year Ended March 31,
(In thousands)
Stock options ........................................... 69,186 56,348 4,225
Restricted stock units ..................................... 108,862 146 —
Veritas 0.25% Notes
(1)
..................................... — 12,674 —
178,048 69,168 4,225
(1)
Potential common shares related to 0.25% Notes were excluded from the computation of diluted net income per
share because the effective conversion price was higher than the average market price of our common stock
during the period, and therefore the effect was antidilutive.
For fiscal 2007, the effect of the warrants was excluded because, as discussed in Note 6, they have no impact on
diluted net income per share until our average stock price for the applicable period reaches $27.3175 per share.
98
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)