Symantec 2008 Annual Report Download - page 176

The components of earnings per share are as follows:
March 28,
2008
March 30,
2007
March 31,
2006
Year Ended
(In thousands, except per share data)
Earnings per share — basic:
Net income ...................................... $463,850 $404,380 $ 156,852
Weighted average outstanding common shares ............ 867,562 960,575 998,733
Earnings per share — basic .......................... $ 0.53 $ 0.42 $ 0.16
Earnings per share — diluted:
Net income ...................................... $463,850 $404,380 $ 156,852
Weighted average outstanding common shares ............ 867,562 960,575 998,733
Shares issuable from assumed exercise of options .......... 15,191 20,047 27,081
Dilutive impact of restricted stock and restricted stock units . . 1,383 522 42
Dilutive impact of assumed conversion of senior notes ...... — 2,117 —
Total shares for purposes of calculating diluted earnings per
share ......................................... 884,136 983,261 1,025,856
Earnings per share — diluted ......................... $ 0.52 $ 0.41 $ 0.15
The following potential common shares were excluded from the computation of diluted earnings per share, as
their effect would have been anti-dilutive:
March 28,
2008
(2)
March 30,
2007
(2)
March 31,
2006
Year Ended
(In thousands)
Stock options ....................................... 65,955 69,186 56,348
Restricted stock units ................................. 113 109 146
Veritas 0.25% notes
(1)
................................ — — 12,674
66,068 69,295 69,168
(1)
On August 28, 2006 the Veritas 0.25% senior notes were fully paid off at the Company’s election.
(2)
For fiscal 2008, the effect of the warrants issued and option purchased in connection with the convertible senior
notes were excluded because, as discussed in Note 9, they have no impact on diluted earnings per share until our
average stock price for the applicable period reaches $27.3175 per share and $19.12 per share, respectively.
Note 14. Adoption of Stockholder Rights Plan
On August 11, 1998, the Board of Directors adopted a stockholder rights plan designed to ensure orderly
consideration of any future unsolicited acquisition attempt to ensure a fair value of Symantec for our stockholders.
In connection with the plan, the Board of Directors declared and paid a dividend of one preferred share purchase
right for each share of Symantec common stock outstanding on the record date, August 21, 1998. The rights are
initially attached to Symantec common stock and will not trade separately. If a person or a group, an Acquiring
Person, acquires 20% or more of our common stock, or announces an intention to make a tender offer for 20% or
more of our common stock, the rights will be distributed and will thereafter trade separately from the common
stock.
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)