Annual report pursuant to Section 13 and 15(d)

Note 10. Net Income (Loss) Per Share

v2.3.0.11
Note 10. Net Income (Loss) Per Share
12 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]
Net Income (Loss) Per Share
NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying the Company’s outstanding dilutive stock options and restricted stock units had been issued. The dilutive effect of outstanding options and restricted stock units is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The following table sets forth the computation of basic and diluted net income (loss) per share:
(In thousands, except per share data)
Year ended June 30,
2011
2010
2009
Numerator:
Net income (loss)
$
794,488

$
212,300

$
(523,368
)
Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units

167,261

170,652

170,253

Effect of dilutive options and restricted stock
3,091

2,382

—

Weighted-average shares-diluted

170,352

173,034

170,253

Basic net income (loss) per share
$
4.75

$
1.24

$
(3.07
)
Diluted net income (loss) per share
$
4.66

$
1.23

$
(3.07
)
Anti-dilutive securities excluded from the computation of diluted net income (loss) per share
8,003

11,109

18,444


The total amount of dividends paid during the fiscal years ended June 30, 2011 , 2010 and 2009 were $167.4 million , $102.4 million and $102.1 million , respectively. The increase in the amount of dividends paid during the fiscal year ended June 30, 2011 reflects an increase during the first quarter of that year to the level of the Company's quarterly dividend from $0.15 to $0.25 per share.
As discussed in Note 20, “Subsequent Events,” on July 12, 2011, the Company announced that its Board of Directors had authorized a further increase in the level of the Company's quarterly dividend from $0.25 to $0.35 per share. Accordingly, on August 4, 2011 , the Company declared a quarterly cash dividend of $0.35 per share on the outstanding shares of the Company’s common stock, to be paid on September 1, 2011 to stockholders of record on August 15, 2011 .
Baidu