HAR » Topics » Note 21 - Earnings Per Share Information

This excerpt taken from the HAR 8-K filed Jun 15, 2009.

Note 21 - Earnings Per Share Information

 

     Years Ended June 30,

($000s omitted except per share amounts)

   2008    2007    2006
     Basic    Diluted    Basic    Diluted    Basic    Diluted

Net income

   $ 107,786    107,786    313,963    313,963    255,295    255,295
                               

Shares of common stock outstanding

     61,472    61,472    65,310    65,310    66,260    66,260

Employee stock options

     —      710    —      1,139    —      1,845
                               

Total average equivalent shares

     61,472    62,182    65,310    66,449    66,260    68,105
                               

Earnings per share

   $ 1.75    1.73    4.81    4.72    3.85    3.75
                               

Certain options were outstanding and not included in the computation of diluted net earnings per share because the assumed exercise of these options would have been antidilutive. Options to purchase 1,868,679 shares of our common stock with exercise prices ranging from $68.31 to $126.94 per share at June 30, 2008 were outstanding and not included in the computation of diluted earnings per share because the exercise of these options would have been antidilutive.

Options to purchase 749,434 shares of our common stock with exercise prices ranging from $78.00 to $126.94 per share were not included at June 30, 2007; options to purchase 867,808 shares with exercise prices ranges from $75.22 to $126.94 per share were not included at June 30, 2006, in each case because the exercise of these options would have been antidilutive.

This excerpt taken from the HAR 10-K filed Sep 7, 2005.

Note 17-Earnings Per Share Information

    

Years Ended June 30,

($000s omitted except per share amounts)

2005

2004

2003

 

Basic

   

Diluted

     

Basic

   

Diluted

   

Basic

   

Diluted

   

Net income

$

232,848

232,848

157,883

157,883

105,428

105,428

Shares of common stock    outstanding

67,120

67,120

65,779

65,779

64,688

64,688

Employee stock options

---

3,279

---

3,708

---

3,360

Total average equivalent shares

67,120

70,399

65,779

69,487

64,688

68,048

Earnings per share

$

3.47

3.31

2.40

2.27

1.63

1.55

     

For all periods presented, share and per share amounts have been restated to reflect the two-for-one stock split in November 2003.


Certain options were outstanding and not included in the computation of diluted net earnings per share because the assumed exercise of these options would have been antidilutive. Options to purchase 385,275 shares of Harman common stock with exercise prices ranging from $75.22 to $126.94 per share at June 30, 2005 were outstanding and not included in the computation of diluted earnings per share because the exercise of these options would have been antidilutive.

Options to purchase 498,889 shares of Harman common stock with exercise prices ranging from $50.03 to $75.22 per share were not included at June 30, 2004; options to purchase 1,050,994 shares with exercise prices ranges from $24.11 to $28.94 per share were not included at June 30, 2003, in each case because the exercise of these options would have been antidilutive.

EXCERPTS ON THIS PAGE:

8-K
Jun 15, 2009
10-K
Sep 7, 2005
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