CYBS » Topics » Net Income Per Share

These excerpts taken from the CYBS 10-K filed Feb 27, 2009.

Net Income Per Share

In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options, restricted shares and unvested common shares subject to repurchase or cancellation.

Net Income Per Share

In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options, restricted shares and unvested common shares subject to repurchase or cancellation.

Net Income Per Share

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic net income per share is computed using
the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive
potential common shares consist of the incremental common shares issuable upon the exercise of stock options, restricted shares and unvested common shares subject to repurchase or cancellation.

STYLE="margin-top:12px;margin-bottom:0px">Income Taxes

Income taxes are calculated under the
provisions of Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” (“SFAS 109”). Under SFAS 109, the liability method is used in accounting for income taxes, which includes the

 


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CYBERSOURCE CORPORATION

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 



effects of temporary differences between financial and taxable amounts of assets and liabilities as well as the effects of net operating loss and credit
carryforwards to determine deferred tax assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to more likely than not be realized.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">Effective January 1, 2007, the Company adopted Financial Interpretation No. 48, “Accounting for Uncertainty in Income Taxes-an
interpretation of FASB Statement No. 109” (“FIN 48”). Although the Company believes it has adequately reserved for its uncertain tax positions, no assurance can be given that the final tax outcome of these matters will not be
different. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will impact the provision for income taxes in the period in which such determination is made.

STYLE="margin-top:12px;margin-bottom:0px">Accumulated Other Comprehensive Loss

The
Company’s comprehensive income consists of its net income and other comprehensive income (loss), including unrealized gains or losses on available for sale securities and foreign currency translation gains or losses. At December 31, 2008
and 2007, accumulated other comprehensive loss consisted only of foreign currency translation adjustments.

Net Income Per Share

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic net income per share is computed using
the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period. Dilutive
potential common shares consist of the incremental common shares issuable upon the exercise of stock options, restricted shares and unvested common shares subject to repurchase or cancellation.

STYLE="margin-top:12px;margin-bottom:0px">Income Taxes

Income taxes are calculated under the
provisions of Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” (“SFAS 109”). Under SFAS 109, the liability method is used in accounting for income taxes, which includes the

 


39







Table of Contents



CYBERSOURCE CORPORATION

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 



effects of temporary differences between financial and taxable amounts of assets and liabilities as well as the effects of net operating loss and credit
carryforwards to determine deferred tax assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to more likely than not be realized.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">Effective January 1, 2007, the Company adopted Financial Interpretation No. 48, “Accounting for Uncertainty in Income Taxes-an
interpretation of FASB Statement No. 109” (“FIN 48”). Although the Company believes it has adequately reserved for its uncertain tax positions, no assurance can be given that the final tax outcome of these matters will not be
different. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will impact the provision for income taxes in the period in which such determination is made.

STYLE="margin-top:12px;margin-bottom:0px">Accumulated Other Comprehensive Loss

The
Company’s comprehensive income consists of its net income and other comprehensive income (loss), including unrealized gains or losses on available for sale securities and foreign currency translation gains or losses. At December 31, 2008
and 2007, accumulated other comprehensive loss consisted only of foreign currency translation adjustments.

16.   Net Income Per Share

The following table reconciles the numerators and denominators of the net income per share calculation for the years ended December 31, 2008, 2007 and 2006 (in thousands, except per share data):

 

     December 31,
     2008    2007    2006

Basic net income per share computation:

        

Net income

   $ 10,729    $ 2,429    $ 14,411
                    

Weighted-average common shares outstanding

     69,132      40,736      34,623
                    

Basic net income per share attributable to common stockholders

   $ 0.16    $ 0.06    $ 0.42
                    

Diluted net income per share computation:

        

Net income

   $ 10,729    $ 2,429    $ 14,411
                    

Weighted-average common shares outstanding

     69,132      40,736      34,623

Incremental shares attributable to the assumed exercise of outstanding options

     2,657      2,489      1,970
                    

Total diluted weighted average common shares

     71,789      43,225      36,593
                    

Diluted net income per share attributable to common stockholders

   $ 0.15    $ 0.06    $ 0.39
                    

 

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CYBERSOURCE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

The computation of diluted net income per share excluded approximately 737,000, 1,039,000, and 361,000 options to purchase shares of common stock for the year ended December 31, 2008, 2007 and 2006, respectively, because the effect would have been antidilutive.

16.   Net Income Per Share

The following table reconciles the numerators and denominators of the net income per share calculation for the years ended December 31, 2008, 2007 and 2006 (in thousands, except per share data):

 

     December 31,
     2008    2007    2006

Basic net income per share computation:

        

Net income

   $ 10,729    $ 2,429    $ 14,411
                    

Weighted-average common shares outstanding

     69,132      40,736      34,623
                    

Basic net income per share attributable to common stockholders

   $ 0.16    $ 0.06    $ 0.42
                    

Diluted net income per share computation:

        

Net income

   $ 10,729    $ 2,429    $ 14,411
                    

Weighted-average common shares outstanding

     69,132      40,736      34,623

Incremental shares attributable to the assumed exercise of outstanding options

     2,657      2,489      1,970
                    

Total diluted weighted average common shares

     71,789      43,225      36,593
                    

Diluted net income per share attributable to common stockholders

   $ 0.15    $ 0.06    $ 0.39
                    

 

53


Table of Contents

CYBERSOURCE CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

The computation of diluted net income per share excluded approximately 737,000, 1,039,000, and 361,000 options to purchase shares of common stock for the year ended December 31, 2008, 2007 and 2006, respectively, because the effect would have been antidilutive.

16.   Net Income Per Share

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">The following table reconciles the numerators and denominators of the net income per share calculation for the years ended December 31, 2008, 2007
and 2006 (in thousands, except per share data):

 






















































































































































































































   December 31,
   2008  2007  2006

Basic net income per share computation:

      

Net income

  $10,729  $2,429  $14,411
            

Weighted-average common shares outstanding

   69,132   40,736   34,623
            

Basic net income per share attributable to common stockholders

  $0.16  $0.06  $0.42
            

Diluted net income per share computation:

      

Net income

  $10,729  $2,429  $14,411
            

Weighted-average common shares outstanding

   69,132   40,736   34,623

Incremental shares attributable to the assumed exercise of outstanding options

   2,657   2,489   1,970
            

Total diluted weighted average common shares

   71,789   43,225   36,593
            

Diluted net income per share attributable to common stockholders

  $0.15  $0.06  $0.39
            

 


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CYBERSOURCE CORPORATION

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 


The computation of diluted net income per share excluded approximately 737,000, 1,039,000, and
361,000 options to purchase shares of common stock for the year ended December 31, 2008, 2007 and 2006, respectively, because the effect would have been antidilutive.

FACE="Times New Roman" SIZE="2">17.   Guarantees

From time to time, the Company enters into certain types of contracts
that require the Company to indemnify parties against third-party claims on a contingent basis. These contracts primarily relate to: (i) licenses for software and services; (ii) certain real estate leases, under which the Company may be
required to indemnify property owners for environmental and other liabilities, and other claims arising from the Company’s use of the applicable premises; and (iii) certain agreements with the Company’s officers, directors and
employees, under which the Company may be required to indemnify such persons for liabilities arising out of their employment relationship.

SIZE="2">The terms of such obligations vary. Generally, a maximum obligation is not explicitly stated. Because the obligated amounts of these types of agreements often are not explicitly stated, the overall maximum amount of the obligations cannot
be reasonably estimated. Historically, the Company has not been obligated to make significant payments for these obligations, and no liabilities have been recorded for these obligations on its balance sheet as of December 31, 2008 or 2007.

16.   Net Income Per Share

STYLE="margin-top:12px;margin-bottom:0px; text-indent:5%">The following table reconciles the numerators and denominators of the net income per share calculation for the years ended December 31, 2008, 2007
and 2006 (in thousands, except per share data):

 






















































































































































































































   December 31,
   2008  2007  2006

Basic net income per share computation:

      

Net income

  $10,729  $2,429  $14,411
            

Weighted-average common shares outstanding

   69,132   40,736   34,623
            

Basic net income per share attributable to common stockholders

  $0.16  $0.06  $0.42
            

Diluted net income per share computation:

      

Net income

  $10,729  $2,429  $14,411
            

Weighted-average common shares outstanding

   69,132   40,736   34,623

Incremental shares attributable to the assumed exercise of outstanding options

   2,657   2,489   1,970
            

Total diluted weighted average common shares

   71,789   43,225   36,593
            

Diluted net income per share attributable to common stockholders

  $0.15  $0.06  $0.39
            

 


53







Table of Contents



CYBERSOURCE CORPORATION

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 


The computation of diluted net income per share excluded approximately 737,000, 1,039,000, and
361,000 options to purchase shares of common stock for the year ended December 31, 2008, 2007 and 2006, respectively, because the effect would have been antidilutive.

FACE="Times New Roman" SIZE="2">17.   Guarantees

From time to time, the Company enters into certain types of contracts
that require the Company to indemnify parties against third-party claims on a contingent basis. These contracts primarily relate to: (i) licenses for software and services; (ii) certain real estate leases, under which the Company may be
required to indemnify property owners for environmental and other liabilities, and other claims arising from the Company’s use of the applicable premises; and (iii) certain agreements with the Company’s officers, directors and
employees, under which the Company may be required to indemnify such persons for liabilities arising out of their employment relationship.

SIZE="2">The terms of such obligations vary. Generally, a maximum obligation is not explicitly stated. Because the obligated amounts of these types of agreements often are not explicitly stated, the overall maximum amount of the obligations cannot
be reasonably estimated. Historically, the Company has not been obligated to make significant payments for these obligations, and no liabilities have been recorded for these obligations on its balance sheet as of December 31, 2008 or 2007.

These excerpts taken from the CYBS 10-K filed Mar 11, 2008.

Net Income Per Share

In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic and diluted net income per share has been computed using the weighted average number of shares of common stock outstanding during the period.

Net Income Per Share

In accordance
with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic and diluted net income per share has been computed using the weighted average number of shares of common stock outstanding during the period.

This excerpt taken from the CYBS 10-K filed Mar 13, 2007.

Net Income Per Share

In accordance with Statement of Financial Accounting Standards No. 128, “Earnings Per Share,” basic and diluted net income per share has been computed using the weighted average number of shares of common stock outstanding during the period.

"Net Income Per Share" elsewhere:

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