CASE 9-2 INTEGRATED ELECTRONICS Fiscal year ended October 2, 2010 SANMINA-SCI CORPORATION* CONSOLIDATED STATEMENTS OF OPERATIONS (In Part) Year Ended October 2, 2010 October 3, 2009 September 27, 2008 (In thousands, except per share amounts) Income (loss) from continuing operations 122,435 (137,822) (512,936) Income from discontinued operations, net of tax Net income (loss) $122,435 S(137,822) 24,987 S(487,949) Basic earnings (loss) per share: Continuing operations $ 1.55 $ (1.67) $ (5.80) Discontinued operations $ $ S 0.28 Net income (loss) $ 1.55 $ (1.67) S (5.52) Diluted earnings (loss) per share: Continuing operations $ 1.48 $ (1.67) S (5.80) Discontinued operations $ - $ - $ 0.28 Net income (loss) $ 1.48 $ (1.67) $ (5.52) Weighted-average shares used in computing per share amounts: Basic Diluted 79,195 82,528 88,454 82,477 82,528 88,454 Fiscal year ended October 3, 2009 SANMINA-SCI CORPORATION* CONSOLIDATED STATEMENTS OF OPERATIONS (In Part) Year Ended October 3, 2009 September 27, 2008 September 29, 2007 Loss from continuing operations Income from discontinued operations, net of tax Net loss Basic and diluted earnings (loss) per share: (In thousands, except per share amounts) (136,222) $(136,222) (511,336) (1,141,493) 24,987 $(486,349) 6,836 $(1,134,657) Continuing operations $ (1.65) $ (5.78) $ (12.99) Discontinuing operations $ - $ 0.28 $ 0.08 Net loss $ (1.65) $ (5.50) $ (12.91) Weighted-average shares used in computing basic and diluted share amounts: 82,528 88,454 87,853 (continued) Source: Sanmina-Sci Corporation Consolidated 2010 10-K ights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has ed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. (CASE 9-2 CONTINUED) Fiscal year ended October 3, 2009 Notes to Consolidated Financial Statements (In Part) Note 11. Stockholders Equity (In Part) Reverse Stock Split. On July 20, 2009, the Board of Directors of the Company authorized a reverse split of its common stock at a ratio of one for six, effective August 14, 2009. The Company's stockholders previously approved the reverse split in September 2008. As a result of the reverse split, every six shares of common stock outstanding were combined into one share of common stock. The reverse split did not affect the amount of equity the Com- pany has nor did it affect the Company's market capitalization. Fiscal year ended September 27, 2008 SANMINA-SCI CORPORATION* CONSOLIDATED STATEMENTS OF OPERATIONS (In Part) Year Ended September 27, September 29, September 30, 2008 2007 2006 Loss from continuing operations Income from discontinued operations, net of tax Net loss (In thousands, except per share amounts) (511,336) 24,987 $(486,349) (1,141,493) 6,836 $(1,134,657) (161,465) 19,908 $(141,557) Basic and diluted earnings (loss) per share: Continuing operations Loss before cumulative effect of accounting changes $ (0.96) $ (2.17) $ (0.31) Cumulative effect of accounting changes Loss from continuing operations $ (0.96) (2.17) (0.31) Discontinued operations $ 0.05 $ 0.01 $ 0.04 Net loss $ (0.92) $ (2.15) $ (0.27) Weighted-average shares used in computing basic and diluted per share amounts: 530,721 527,117 525,967 *"We are an independent global provider of customized, integrated electronics manufacture services, or EMS." 10-K Required a. For the year ended September 27, 2008, determine the loss from continuing operations from the following consolidated statements of operations (use the amounts reported): 1. October 2, 2010 2. October 3, 2009 3. September 27, 2008 4. Describe the difference in the number presented. b. For the year ended September 27, 2008, determine the diluted earnings (loss) per share for continuing operations from the following consolidated statements of operations: 1. October 2, 2010 2. October 3, 2009 3. September 27, 2008 4. Describe the difference in the number presented. c. For the year ended September 27, 2008, determine the weighted-average shares used in computing diluted per share from the following consolidated statements of operations: 1. October 2, 2010 2. October 3, 2009 3. September 27, 2008 4. Describe the difference in the number presented