Symantec 2008 Annual Report Download - page 182

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fair value recognition provisions of SFAS No. 123 to stock-based employee compensation using the Black-Scholes
option-pricing model for the fiscal years ended March 31, 2006:
2006
Fiscal
(In thousands,
except per share
amounts)
Net income, as reported.............................................. $156,852
Add: Amortization of deferred stock-based compensation included in reported net
income, net of tax ................................................ 26,996
Less: Stock-based employee compensation expense excluded from reported net
income, net of tax ................................................ (239,071)
(1)
Pro forma net income (loss)........................................... $ (55,223)
Earnings per share — basic
As reported ....................................................... $ 0.16
Pro forma ........................................................ $ (0.06)
Earnings per share — diluted
As reported ....................................................... $ 0.15
Pro forma ........................................................ $ (0.06)
(1)
Includes a charge of $18 million resulting from the inclusion of unamortized expense for ESPP offering periods
that were cancelled as a result of a plan amendment to eliminate the two-year offering period effective July 1,
2005.
Prior to the adoption of SFAS No. 123R, we presented deferred stock-based compensation as a separate
component of Stockholders’ Equity. In accordance with the provisions of SFAS No. 123R, on April 1, 2006, we
reversed the balance in deferred stock-based compensation to Capital in excess of par value in the Consolidated
Balance Sheet.
Stock option activity
The following table summarizes stock option activity for the year ended March 28, 2008:
Number
of Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(1)
(In thousands, except per share amounts)
Outstanding at March 30, 2007 . ............... 107,318 $17.90 $ —
Granted ................................. 14,749 19.10
Assumed in acquisitions ..................... 5,117 7.87
Exercised ................................ (15,715) 9.88
Forfeited
(2)
............................... (7,302) 18.91
Expired
(3)
................................ (8,899) 25.56
Outstanding at March 28, 2008 . ............... 95,268 $18.08 4.66 $225,899
Exercisable at March 28, 2008 . ............... 66,389 $17.95 4.17 $204,918
Vested and expected to vest at March 28, 2008 .... 86,526 $18.05 4.55 $219,469
100
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)