The following table represents net income per common share – basic and diluted (in thousands, except earnings per share):  For the years ended December 31, 2012, 2011 and 2010, we excluded options whose exercise prices exceeded the average prices of our stock  during the periods, as their exercises would not have reduced earnings per share. The following options were excluded: The following table lists the beginning balance, yearly activity and ending balance of each component of “Accumulated other comprehensive loss,  net” (in thousands): The $1.6 million change in adjustments for pension plans for 2012 is net of $1.1 million for the income tax effect of such adjustments. The $1.2  million change in unrealized gains (losses) on securities is net of $1.2 million for the reclassification to current earnings of impairment of an equity  security, as we deemed the impairment to be other-than-temporary. The 2012 change in unrealized gains (losses) on securities is also net of $0.3 million  for the income tax effect of such adjustments, with some securities owned by our Mexican subsidiary.  See Note 2 for more information on our marketable securities and Note 8 for more information on our employee benefit plans. During 2008, we established the Hecla Charitable Foundation to operate exclusively for charitable and educational purposes, with a particular  emphasis in those communities in which we have employees or operations and donated 550,000 shares of our common stock, valued at $5.1 million.  Cash contributions totaling $2.0 million and $1.5 million were made by Hecla to the Hecla Charitable Foundation during 2011 and 2010, respectively.  The Hecla Charitable Foundation was established by Hecla as a not-for-profit organization which has obtained 501(c)(3) status from the Internal  Revenue Service. Its financial statements are not consolidated by Hecla. On December 12, 2011, we announced that our wholly-owned subsidiary, Rio Grande Silver Inc. (“Rio”), entered into a Purchase Sale Agreement  with Emerald Mining & Leasing, LLC (“EML”), Golden 8 Mining, LLC (“G8”), and AgX Resources, Inc. (“AgX”), (EML, G8, and AgX are collectively  referred to as the “Sellers”). Under the terms of the Agreement, Rio purchased the Sellers’ remaining 30% undivided interest in certain properties that  had been governed by a Joint Venture Agreement (“2008 JVA”) entered into between EML, G8, and Rio on February 21, 2008, in return for the  issuance of 5,395,683 shares of Hecla common stock valued at $33.8 million on the date that the transaction was completed. The number of common  shares issued was based on 90% of the volume-weighted average price of our common shares on the New York Stock Exchange for the 20 trading  days immediately preceding and including December 2, 2011.  The original 2008 JVA between EML, G8, and Rio was terminated and a new Joint Venture Agreement for the exploration, evaluation and possible  development and mining of mineral resources on certain properties in Mineral County, Colorado was entered into. EML, G8, and Rio will manage and  operate under the name San Juan Silver Mining Joint Venture, and Rio will be the initial operator. NoTE 15: rElATED pArTy TrANSACTIoNS  NoTE 14: oThEr CoMprEhENSIvE INCoME (loSS) NoTE 16: ACquISITIoNS San Juan Silver Mining Joint Venture 30% Acquisition [ HL:10-K ] F-29 Year ended December 31,  2012 2011 2010 Numerator Net income $ 14,954 $ 151,164 $ 48,983 Preferred stock dividends (552)  (552)  (13,633) Net income applicable to common shares  $ 14,402  $ 150,612  $ 35,350  Denominator Basic weighted average common shares 285,375 280,956 251,146 Dilutive stock options, restricted stock, and warrants 12,191  16,077  18,455  Diluted weighted average common shares  297,566  297,033  269,601  Basic earnings per common share $ 0.05 $ 0.54 $ 0.14 Diluted earnings per common share  $ 0.05 $ 0.51 $ 0.13 Year ended December 31,  2012 2011 2010 Stock options 570,005 552,388 596,388  Unrealized  Total Gains  Adjustments Accumulated  (Losses) For Other Comp.  On Securities Pension Plans  Loss, Net  Balance January 1, 2010 $ 744 $ (14,927) $ (14,183) 2010 change 718  (1,652)  (934) Balance December 31, 2010 1,462 (16,579) (15,117) 2011 change (627)  (7,754)  (8,381) Balance December 31, 2011 835 (24,333) (23,498) 2012 change 1,224  (1,644)  (420) Balance December 31, 2012 $ 2,059  $ (25,977)  $ (23,918)