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WDC » Topics » Per Share Information

These excerpts taken from the WDC 10-K filed Aug 20, 2008.
Per Share Information
 
The Company computes basic income per common share using net income and the weighted average number of common shares outstanding during the period. Diluted income per share is computed using net income and the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include outstanding employee stock options, rights to purchase shares of common stock under our employee stock purchase plan and restricted stock and stock unit awards.
 
The following table illustrates the computation of basic and diluted income per common share (in millions, except per share data):
 
                         
    Years Ended  
    June 27,
 		    June 29,
 		    June 30,
 		 
    2008     2007     2006  
 
Net income
  $ 867     $ 564     $ 395  
                         
Weighted average shares outstanding:
                       
Basic
    221       219       215  
Employee stock options and other
    5       7       9  
                         
Diluted
    226       226       224  
                         
Income per common share:
                       
Basic
  $ 3.92     $ 2.57     $ 1.84  
                         
Diluted
  $ 3.84     $ 2.50     $ 1.76  
                         
Antidilutive common share equivalents excluded*
    1       2       2  
 
 
* For purposes of computing diluted income per common share, common share equivalents with an exercise price that exceeded the average fair market value of common stock for the period are considered antidilutive and have been excluded from the calculation.


56

Table of Contents

 
WESTERN DIGITAL CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
 
Per Share
Information


 



The Company computes basic income per common share using net
income and the weighted average number of common shares
outstanding during the period. Diluted income per share is
computed using net income and the weighted average number of
common shares and potentially dilutive common shares outstanding
during the period. Potentially dilutive common shares include
outstanding employee stock options, rights to purchase shares of
common stock under our employee stock purchase plan and
restricted stock and stock unit awards.


 



The following table illustrates the computation of basic and
diluted income per common share (in millions, except per share
data):


 







































































































































































































































































                         

 

 

Years Ended

 

 

 

June 27,



 

 

June 29,



 

 

June 30,



 

 

 

2008

 

 

2007

 

 

2006

 
 


Net income


 

$

867

 

 

$

564

 

 

$

395

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Weighted average shares outstanding:


 

 

 

 

 

 

 

 

 

 

 

 


Basic


 

 

221

 

 

 

219

 

 

 

215

 


Employee stock options and other


 

 

5

 

 

 

7

 

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Diluted


 

 

226

 

 

 

226

 

 

 

224

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Income per common share:


 

 

 

 

 

 

 

 

 

 

 

 


Basic


 

$

3.92

 

 

$

2.57

 

 

$

1.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Diluted


 

$

3.84

 

 

$

2.50

 

 

$

1.76

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Antidilutive common share equivalents excluded*


 

 

1

 

 

 

2

 

 

 

2

 






 




 



















*
For purposes of computing diluted income per common share,
common share equivalents with an exercise price that exceeded
the average fair market value of common stock for the period are
considered antidilutive and have been excluded from the
calculation.





56




Table of Contents





 




WESTERN
DIGITAL CORPORATION




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)

 


 




This excerpt taken from the WDC 10-K filed Aug 28, 2007.
Per Share Information
 
The Company computes basic income per share using the net income and the weighted average number of common shares outstanding during the period. Diluted income per share is computed using the net income and the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include outstanding employee stock options, employee stock purchase plan shares and restricted


53

Table of Contents

 
WESTERN DIGITAL CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
stock awards. The following table illustrates the computation of basic and diluted income per common share (in millions, except per share data):
 
                         
    Years Ended  
    June 29,
 		    June 30,
 		    July 1,
 		 
    2007     2006     2005  
 
Net income
  $ 564     $ 395     $ 196  
                         
Weighted average shares outstanding:
                       
Basic
    219       215       208  
Employee stock options and other
    7       9       9  
                         
Diluted
    226       224       217  
                         
Income per share:
                       
Basic
  $ 2.57     $ 1.84     $ .94  
                         
Diluted
  $ 2.50     $ 1.76     $ .90  
                         
Antidilutive common share equivalents excluded*
    2       2       6  
 
 
* For purposes of computing diluted income per share, common share equivalents with an exercise price that exceeded the average fair market value of common stock for the period are considered antidilutive and have been excluded from the calculation for employee stock options.
 
This excerpt taken from the WDC 10-K filed Nov 20, 2006.
Per Share Information
 
The Company computes basic income per share using the net income and the weighted average number of common shares outstanding during the period. Diluted income per share is computed using the net income and the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include outstanding employee stock options, employee stock purchase plan shares and restricted stock awards. The following table illustrates the computation of basic and diluted income per common share (in millions, except per share data):
 
                         
    Years Ended  
    June 30,
 		    July 1,
 		    July 2,
 		 
    2006     2005     2004  
          (as adjusted)     (as adjusted)  
 
Net income
  $ 394.6     $ 196.0     $ 149.8  
                         
Weighted average shares outstanding:
                       
Basic
    215.0       207.6       205.7  
Employee stock options and other
    8.6       9.3       11.0  
                         
Diluted
    223.6       216.9       216.7  
                         
Income per share:
                       
Basic
  $ 1.84     $ .94     $ .73  
                         
Diluted
  $ 1.76     $ .90     $ .69  
                         
Antidilutive common share equivalents excluded*
    1.9       6.0       6.0  


53

Table of Contents

WESTERN DIGITAL CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 
* For purposes of computing diluted income per share, common share equivalents with an exercise price that exceeded the average fair market value of common stock for the period are considered antidilutive and have been excluded from the calculation for employee stock options.
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 20, 2008
10-K
Aug 28, 2007
10-K
Nov 20, 2006

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