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Loss Per Share And Stockholders' Equity | 9 Months Ended
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Jan. 31, 2013
Loss Per Share And Stockholders' Equity [Abstract] |
Loss Per Share And Stockholders' Equity | 2. Loss Per Share and Stockholders’ Equity Basic and diluted loss per share is computed using the two-class method. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed by dividing net income from continuing operations attributable to common shareholders by the weighted average shares outstanding during each period. The dilutive effect of potential common shares is included in diluted earnings per share except in those periods with a loss from continuing operations. Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain restrictions or the exercise of options to purchase 7.7 million shares for the three and nine months ended January 31, 201 3, and 9.6 million shares for the three and nine months ended January 31, 201 2, as the effect would be antidilutive due to the net loss from continuing operations during those periods. The computations of basic and diluted loss per share from continuing operations are as follows:
|  |  |  |  |  |  |  | (in 000s, except per share amounts)
|  | Three months ended January 31, |  |  | Nine months ended January 31,
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012
Net loss from continuing operations |  |  |  |  |  |  |  |  |  |  |
attributable to shareholders | $ | (16,915) |  | $ | (3,567) |  | $ | (223,764) |  | $ | (245,735)
Income (loss) allocated to participating securities (nonvested shares) |  | 62 |  |  | (24) |  |  | 199 |  |  | 152
Net loss from continuing operations attributable to common shareholders | $ | (16,977) |  | $ | (3,543) |  | $ | (223,963) |  | $ | (245,887)
Basic weighted average common shares |  | 271,542 |  |  | 292,963 |  |  | 273,281 |  |  | 299,450
Potential dilutive shares |  | - |  |  | - |  |  | - |  |  | -
Dilutive weighted average common shares |  | 271,542 |  |  | 292,963 |  |  | 273,281 |  |  | 299,450
Loss per share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.06) |  | $ | (0.01) |  | $ | (0.82) |  | $ | (0.82)
Diluted |  | (0.06) |  |  | (0.01) |  |  | (0.82) |  |  | (0.82)
The weighted average shares outstanding for the three and nine months ended January 31, 2013 decreased to 271.5 million and 273.3 million, respectively, from 293.0 million and 299.5 million for the three and nine months ended January 31, 2012, respectively, primarily due to share repurchases completed during fiscal years 2013 and 2012. During the nine months ended January 31, 2013, we purchased and immediately retired 21.3 million shares of our common stock at a cost of $315.0 million. During the nine months ended January 31, 2012, we purchased and immediately retired 13.0 million shares of our common stock at a cost of $177.5 million. The cost of shares retired during each period was allocated to the components of stockholders’ equity as follows:
|  |  |  |  | (in 000s)
Nine months ended January 31, |  | 2013 |  |  | 2012
Common stock | $ | 213 |  | $ | 130
Additional paid-in capital |  | 12,542 |  |  | 7,826
Retained earnings |  | 302,245 |  |  | 169,548
| $ | 315,000 |  | $ | 177,504
In addition to the shares we repurchased as described above, during the nine months ended January 31, 2013, we acquired 0.2 million shares of our common stock at an aggregate cost of $2.8 million. These shares represent shares swapped or surrendered to us in connection with the vesting or exercise of stock-based awards. During the nine months ended January 31, 2012, we acquired 0.2 million shares at an aggregate cost of $3.1 million for similar purposes. We also retired 60.0 million shares of treasury stock during the nine months ended January 31, 2013. This retirement of treasury stock had no impact on our total consolidated stockholders’ equity. The cost of treasury shares retired during the current period was allocated to the following components of stockholders’ equity:
|  | (in 000s)
Common stock | $ | 600
Additional paid-in capital |  | 35,400
Retained earnings |  | 1,104,797
Total cost allocated |  | 1,140,797
Less cost of treasury shares retired |  | (1,140,797)
Net impact on consolidated stockholders' equity | $ | -
During the nine months ended January 31, 2013 and 201 2, we issued 1.3 million and 1.0 million shares of common stock, respectively, due to the vesting or exercise of stock-based awards. During the nine months ended January 31, 2013, we granted 1.0 million stock options and 1.5 million nonvested units under our stock-based compensation plans. The weighted average fair value of options granted was $2.79. Stock options or nonvested units granted generally either vest over a three year period with one-third vesting each year or cliff vest at the end of a three-year period. Stock-based compensation expense of our continuing operations totaled $3.7 million and $11.5 million for the three and nine months ended January 31, 2013, respectively, and $2.0 million and $11.0 million for the three and nine months ended January 31, 2012, respectively. At January 31, 2013, unrecognized compensation cost for options totaled $4.6 million, and for nonvested shares and units totaled $25.4 million.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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