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This excerpt taken from the MRVL 10-Q filed Jun 11, 2009. Net income (loss) per share The Company reports both basic net income (loss) per share, which is based upon the weighted average number of common shares outstanding excluding contingently issuable or returnable shares, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and dilutive potential common shares. The computations of basic and diluted net income (loss) per share are presented in the following table (in thousands, except per share amounts):
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Table of ContentsStock options, restricted stock and other securities totaling 17,063,009 shares were excluded from diluted net loss per share for the three months ended May 2, 2009 as their impact would be anti-dilutive in a net loss period. Options to purchase 62,738,324 common shares at a weighted average exercise price of $20.13 have been excluded from the computation of diluted net income per share for the three months ended May 3, 2008 because their exercise price was greater than the share price of the Company’s common shares and therefore, the effect would have been anti-dilutive. These excerpts taken from the MRVL 10-K filed Apr 1, 2009. Net Income (Loss) Per Share The Company reports both basic net income (loss) per share, which is based upon the weighted average number of common shares outstanding excluding contingently issuable or returnable shares, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and dilutive potential common shares. Net Income (Loss) Per Share The Company reports both basic net income (loss) per share, which is based upon the weighted average number of common shares outstanding excluding contingently issuable or returnable shares, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and dilutive potential common shares. Net Income (Loss) Per Share contingently issuable or returnable shares, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and dilutive potential common shares. SIZE="2">In accordance with Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” (“SFAS 109”), the Company recognizes income taxes using an asset and liability approach. This approach requires
80 Table of ContentsMARVELL TECHNOLOGY GROUP LTD. ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
SFAS 109 provides for recognition of deferred tax assets if the realization of such deferred tax Statement 109” (“FIN 48”). The Company adopted FIN 48 on January 28, 2007. FIN 48 clarifies the accounting for uncertainty in income taxes recognized in an entity’s financial statements in accordance with SFAS 109 and prescribes a recognition threshold and measurement attributes for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Additionally, FIN 48 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure of tax positions. Under FIN 48, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon settlement. The Company is subject to income tax audits by the respective tax The recognition and measurement of current taxes payable or refundable This excerpt taken from the MRVL 10-K filed Apr 14, 2005. Net Income (Loss) Per Share The Company reports both basic net income (loss) per share, which is based upon the weighted average number of common shares outstanding excluding contingently issuable or returnable shares, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and dilutive potential common shares. The computations of basic and diluted net income (loss) per share are presented in the following table (in thousands, except per share amounts):
84 Options to purchase 616,645 common shares at a weighted average exercise price of $29.86 per share have been excluded from the computation of diluted net income per share because their exercise prices were greater than the average market price of the common shares for fiscal 2005. Options to purchase 5,109,192 common shares at a weighted average exercise price of $20.36 per share have been excluded from the computation of diluted net income per share because their exercise prices were greater than the average market price of the common shares for fiscal 2004. Options to purchase 49,614,496 common shares at a weighted average exercise price of $8.55 per share and 1,318,674 common shares subject to repurchase by the Company have been excluded from the computation of diluted net loss per share for fiscal 2003 because their effect would have been anti-dilutive. | EXCERPTS ON THIS PAGE:
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