Symantec 2014 Annual Report Download - page 174
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The components of earnings per share attributable to Symantec Corporation stockholders are as follows:
Year Ended
March 28,
2014
March 29,
2013
March 30,
2012
(Dollars in millions, except per share data)
Net income $ 898 $ 755 $ 1,187
Net income per share — basic $ 1.29 $ 1.08 $ 1.60
Net income per share — diluted $ 1.28 $ 1.06 $ 1.59
Weighted-average outstanding common shares — basic 696 701 741
Dilutive potential shares issuable from assumed exercise of stock
options 2 2 3
Dilutive potential shares related to stock award plans 6 6 4
Dilutive potential shares related to convertible senior notes (1) -2 -
Weighted-average shares outstanding — diluted 704 711 748
Anti-dilutive weighted-average stock options 4 20 32
Anti-dilutive weighted-average restricted stock 1 2 -
Anti-dilutive effect of note hedge (1) -2 -
(1) See Note 6 for information regarding the effects of the convertible senior notes, and the warrants issued and
the option purchased in connection with the convertible senior notes.
Note 14. Noncontrolling Interest
As of March 30, 2012, we owned 54% of VeriSign Japan. During the second quarter of fiscal 2013, we
completed a tender offer and paid $92 million to acquire VeriSign Japan common shares and stock rights, which
increased our ownership percentage to 92%. During the third quarter of fiscal 2013, we acquired the remaining
8% interest for $19 million and it became a wholly-owned subsidiary. The payment for the remaining 8% interest
was made in the fourth quarter of fiscal 2013.
The effect of the change in our ownership interest in VeriSign Japan on our equity is as follows:
Year Ended
March 28,
2014
March 29,
2013
March 30,
2012
(Dollars in millions)
Net income attributable to Symantec Corporation stockholders $ 898 $ 755 $ 1,187
Transfers to noncontrolling interest:
Decrease in Symantec Corporation stockholders’ paid-in capital for
purchase of 204,189 VeriSign Japan common shares and stock
rights .................................................... - (35) -
Net transfers to noncontrolling interest - (35) -
Change from net income attributable to Symantec Corporation stockholders
and transfers to noncontrolling interest ............................ $ 898 $ 720 $ 1,187
Note 15. Subsequent Event
On May 8, 2014, we announced a quarterly dividend in the amount of $0.15 per share of common stock to
be paid on June 25, 2014 to all stockholders of record as of June 10, 2014. All shares of common stock issued
and outstanding, and unvested restricted stock and performance-based stock as of the record date will be entitled
to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be
subject to the approval of our board of directors.
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