CVH » Topics » Pro Forma Disclosures

These excerpts taken from the CVH 10-K filed Feb 28, 2008.

Pro Forma Disclosures

The following table illustrates the effect on net earnings and earnings per common share (“EPS”) as if the Company had applied the fair value recognition provisions of SFAS 123 to stock-based compensation during the year ended December 31, 2005 (in thousands, except per share amounts):

 

Year Ended December 31, 2005

Net earnings, as reported

$ 501,639 

Add: Stock-based employee compensation expense

 

included in reported net earnings, net of tax

13,635 

 

 

Deduct: Total stock-based employee compensation

 

expense determined under fair-value-based method

 

for all awards, net of tax

(29,033)

 

 

Net earnings, pro-forma

$ 486,241 

 

 

EPS, basic - as reported

$       3.18 

EPS, basic - pro-forma

$       3.08 

 

 

 

 

EPS, diluted - as reported

$       3.10 

EPS, diluted - pro-forma

$       3.02 

Pro Forma Disclosures



The following table illustrates the effect on net earnings and earnings per common share (“EPS”) as if the Company had applied the fair value recognition provisions of SFAS 123 to stock-based compensation during the year ended December 31, 2005 (in thousands, except per share amounts):


























































 


Year Ended December 31, 2005


Net earnings, as reported


$ 501,639 


Add: Stock-based employee compensation expense


 


included in reported net earnings, net of tax


13,635 


 


 


Deduct: Total stock-based employee compensation


 


expense determined under fair-value-based method


 


for all awards, net of tax


(29,033)


 


 


Net earnings, pro-forma


$ 486,241 


 


 


EPS, basic - as reported


$       3.18 


EPS, basic - pro-forma


$       3.08 


 


 


 


 


EPS, diluted - as reported


$       3.10 


EPS, diluted - pro-forma


$       3.02 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008

RELATED TOPICS for CVH:

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