Activision, Inc. — 2004 Annual Report Notes to Consolidated Financial Statements Revenues by platform were as follows (amounts in thousands): Year ended March 31, 2004 2003 2002 Console $732,220 $674,621 $480,695 Hand-held 43,306 64,069 159,042 PC 172,130 125,426 146,697 To ta l $947,656 $864,116 $786,434 A significant portion of our revenues is derived from products based on a relatively small number of popular brands each year. In fiscal 2004, 31% of our consolidated net revenues (44% of worldwide publishing net revenues) was derived from two brands, one of which accounted for 17% and the other of which accounted for 14% of consolidated net revenues (24% and 20%, respectively, of worldwide publishing net revenues). In fiscal 2003, 38% of our  consolidated net revenues (52% of worldwide publishing net revenues) was derived from two brands, one of which accounted for 20% and the other of which accounted for 18% of consolidated net revenues (27% and 25%, respec- tively, of worldwide publishing net revenues). In fiscal 2002, 35% of our consolidated net revenues (50% of world- wide publishing net revenues) was derived from two brands, one of which accounted for 31% and the other of which accounted for 4% of consolidated net revenues (44% and 6%, respectively, of worldwide publishing net revenues). 11. Computation of Earnings Per Share The following table sets forth the computations of basic and diluted earnings per share (amounts in thousands, except per share data): Year ended March 31, 2004 2003 2002 Numerator: Numerator for basic and diluted earnings per share— income available to common shareholders $ 77,715 $ 66,180 $ 52,238 Denominator: Denominator for basic earnings per share— weighted average common shares outstanding 133,249 144,359 113,966 Effect of dilutive securities: Employee stock options and stock purchase plan 11,042 10,278 18,648 Warrants to purchase common stock 602 846 1,161 Potential dilutive common shares 11,644 11,124 19,809 Denominator for diluted earnings per share—weighted average  common shares outstanding plus assumed conversions 144,893 155,483 133,775 Basic earnings per share $ 0.58 $ 0.46 $ 0.46 Diluted earnings per share $ 0.54 $ 0.43 $ 0.39 Options to purchase approximately 9,471,000, 7,799,000 and 237,000 shares of common stock for the years ended March 31, 2004, 2003 and 2002, respectively, were not included in the calculation of diluted earnings per share because their effect would be antidilutive. page 62