Table of Contents Index to Financial Statements ITEM 6—SELECTED FINANCIAL DATA You should read the selected financial data set forth below in conjunction with “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8—Financial Statements and Supplementary Data” included elsewhere in this annual report.
The income statement data for each of the three fiscal years ended May 31, 2003, and the balance sheet data as of May 31, 2003 and 2002 are derived from the audited consolidated financial statements included elsewhere in this annual report.
The balance sheet data as of May 31, 2001 and 2000 and the income statement data as of May 31, 2000 was derived from audited consolidated financial statements included in our Form 10?K for the fiscal year ended May 31, 2001.
The income statement data for the fiscal year ended May 31, 1999 and the balance sheet data as of May 31, 1999 are derived from the audited consolidated financial statements included in our Registration Statement on Form 10 filed with the SEC on September 8, 2000, as subsequently amended.
For Year Ended May 31, (In thousands, except per share data)
## Table 0 ##
(1) Includes restructuring and other charges of $1,257, $10,993 and $4,882 in fiscal 2003, 2002 and 2001, respectively.
See Note 11 of the Notes to Consolidated Financial Statements.
(2) See Note 1 of the “Notes to Consolidated Financial Statements—Goodwill and Other Intangible Assets.
” (3) Using the ratio of 0.8 of a share of Global Payments common stock for each share of NDC common stock held on January 31, 2001, or the Distribution Date, the date of NDC’s spin?off of its eCommerce business into Global Payments.
Weighted average shares outstanding are computed by applying the distribution ratio to the historical NDC weighted average shares outstanding for all periods presented.
(4) Diluted earnings per share is not presented in the selected financial data for historical periods prior to fiscal 2001 as Global Payments stock options did not exist prior to the Distribution Date.
(5) Dividends were first paid in the fourth quarter of fiscal 2001, after the Distribution Date.
the banks’ identification numbers, referred to as Bank Identification Number for Visa transactions and Interbank Card Association number for MasterCard transactions, to clear credit card transactions through Visa and MasterCard.
Certain of such agreements contain financial covenants, and we were in compliance with all such covenants as of May 31, 2010.
On June 18, 2010, CIBC provided notice that they will not renew the sponsorship for Visa in Canada after the initial ten year term.
As a result, our Canadian Visa sponsorship will expire in March 2011.
We are pursuing alternatives to CIBC’s sponsorship, including filing an application with the Canadian regulatory authorities for the formation of a wholly owned loan company in Canada which could serve as our financial institution sponsor and negotiating with other financial institutions.
The failure to establish a wholly owned loan company that can serve as our Visa sponsor in Canada or to secure a new sponsorship relationship with another financial institution that would replace the arrangement that we currently have with CIBC would likely result in the loss of merchant customers and lead to a material reduction in our revenues and earnings.
Commitments and Contractual Obligations The following table summarizes our contractual obligations and commitments as of May 31, 2010:
## Table 1 ##
(1) Interest on variable rate debt is based on rates effective as of May 31, 2010.
Note: This table excludes other obligations that we may have, such as employee benefit plan obligations, unrecognized tax benefits, and other current and long–term liabilities reflected in our consolidated balance sheet and the redeemable noncontrolling interest put option rights described above.
At this time, we are unable to make a reasonably reliable estimate of the timing of these payments; therefore such amounts are not included in the above contractual obligation table.
We do not have any material purchase commitments as of May 31, 2010.
Critical Accounting Estimates In applying the accounting policies that we use to prepare our consolidated financial statements, we necessarily make accounting estimates that affect our reported amounts of assets, liabilities, revenues and expenses.
Some of these accounting estimates require us to make assumptions about matters that are highly uncertain at the time we make the accounting estimates.
We base these assumptions and the resulting estimates on historical information and other factors that we believe to be reasonable under the circumstances, and we evaluate these assumptions and estimates on an ongoing basis.
In many instances, however, we reasonably could have used different accounting estimates and, in other instances, changes in our accounting estimates could occur from period to period, with the result in each case being a material change in the financial statement presentation of our financial condition or results of operations.
We refer to accounting estimates of this type as “critical accounting estimates.
” The critical accounting estimates that we discuss below are those that we believe are most important to an understanding of our consolidated financial statements.
Accounting estimates necessarily require subjective determinations about future events and conditions.
Therefore, the following descriptions of critical accounting estimates are forward-looking statements, and actual results could differ materially from the results anticipated by these forward-looking statements.
You should read the following in conjunction with Note 1 of the notes to consolidated financial statements and the risk factors contained in “Item 1A—Risk Factors” of this annual report.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) NOTE 10—SHAREHOLDERS’ EQUITY On April 23, 2010, our Board of Directors approved a share repurchase program that authorized the purchase of up to $100.0 million of Global Payments’ stock in the open market or as otherwise may be determined by us, subject to market conditions, business opportunities, and other factors.
Under this authorization, we repurchased 2,382,890 shares of our common stock at a cost of $100.0 million, or an average of $41.97 per share, including commissions.
Repurchased shares are held as treasury stock.
In addition, we have $13.0 million remaining under the authorization from our original share repurchase program initiated during fiscal 2007.
These repurchased shares were retired and are available for future issuance.
We did not repurchase shares under this plan in fiscal 2010.
This authorization has no expiration date and may be suspended or terminated at any time.
NOTE 11—SHARE-BASED AWARDS AND OPTIONS As of May 31, 2010, we have four share-based employee compensation plans.
For all share-based awards granted after June 1, 2006, compensation expense is recognized on a straight-line basis.
The fair value of sharebased awards granted prior to June 1, 2006 is amortized as compensation expense on an accelerated basis from the date of the grant.
Non-qualified stock options and restricted stock have been granted to officers, key employees and directors under the Global Payments Inc.  2000 Long-Term Incentive Plan, as amended and restated (the “2000 Plan”), the Global Payments Inc.
Amended and Restated 2005 Incentive Plan (the “2005 Plan”), and an Amended and Restated 2000 Non-Employee Director Stock Option Plan (the “Director Plan”) (collectively, the “Plans”).
Effective with the adoption of the 2005 Plan, there are no future grants under the 2000 Plan.
Shares available for future grant as of May 31, 2010 are 2.7 million for the 2005 Plan and 0.4 million for the Director Plan.
Certain executives are also granted Performance-Based Restricted Stock Units (“RSU”s).
RSUs represent the right to earn shares of Global stock if certain performance measures are achieved during the grant year.
The target number of RSUs and target performance measures are set by our Compensation Committee.
RSUs are converted to a stock grant only if the Company’s performance during the fiscal year exceeds pre-established goals The following table summarizes the share-based compensation cost charged to income for (i) all stock options granted, (ii) our employee stock purchase plan, and (iii) our restricted stock program.
The total income tax benefit recognized for share-based compensation in the accompanying statements of income is also presented.
## Table 2 ##
Stock Options Stock options are granted at 100% of fair market value on the date of grant and have 10-year terms.
Stock options granted vest one year after the date of grant with respect to 25% of the shares granted, an additional 25% after two years, an additional 25% after three years, and the remaining 25% after four years.
The Plans provide for accelerated vesting under certain conditions.
We have historically issued new shares to satisfy the exercise of options.
Total revenues from our segments, by geography, are as follows (in thousands):

<table><tr><td></td><td> 2003 </td><td></td><td>2002</td><td> 2001 </td><td></td><td> 2000 </td><td></td><td> 1999 </td><td></td></tr><tr><td> Income statement data:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Revenue</td><td>$516,084</td><td></td><td>$462,826</td><td>$353,195</td><td></td><td>$340,033</td><td></td><td>$330,051</td><td></td></tr><tr><td>Operating income</td><td>93,265</td><td>-1</td><td>71,418-1</td><td>53,046</td><td>-1</td><td>63,212</td><td></td><td>76,675</td><td></td></tr><tr><td>Income before cumulative effect of change in accounting principle</td><td>53,300</td><td></td><td>39,839</td><td>23,668</td><td></td><td>33,047</td><td></td><td>41,336</td><td></td></tr><tr><td>Cumulative effect of a change in accounting principle</td><td>—</td><td></td><td>-15,999(2)</td><td>—</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>Net income</td><td>$53,300</td><td></td><td>$23,840</td><td>$23,668</td><td></td><td>$33,047</td><td></td><td>$41,336</td><td></td></tr><tr><td> Per share data:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic earnings per share:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income before cumulative effect of a change in accounting principle</td><td>$1.44</td><td></td><td>$1.09</td><td>$0.83</td><td></td><td>$1.24</td><td></td><td>$1.53</td><td></td></tr><tr><td>Cumulative effect of accounting change</td><td>—</td><td></td><td>-0.44</td><td>—</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>Net income</td><td>$1.44</td><td></td><td>$0.65</td><td>$0.83</td><td>-3</td><td>$1.24</td><td>-3</td><td>$1.53</td><td>-3</td></tr><tr><td>Diluted earnings per share:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income before cumulative effect of a change in accounting principle</td><td>$1.41</td><td></td><td>$1.05</td><td>$0.82</td><td></td><td>$—</td><td></td><td>$—</td><td></td></tr><tr><td>Cumulative effect of accounting change</td><td>—</td><td></td><td>-0.42</td><td>—</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>Net income</td><td>$1.41</td><td></td><td>$0.63</td><td>$0.82</td><td></td><td>$—</td><td>-4</td><td>$—</td><td>-4</td></tr><tr><td>Dividends per share</td><td>$0.16</td><td></td><td>$0.16</td><td>$0.04</td><td>-5</td><td>$—</td><td>-5</td><td>$—</td><td>-5</td></tr><tr><td> Balance sheet data:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total assets</td><td>$484,234</td><td></td><td>$431,418</td><td>$458,604</td><td></td><td>$287,946</td><td></td><td>$289,667</td><td></td></tr><tr><td>Line of credit</td><td>—</td><td></td><td>22,000</td><td>73,000</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>Due to NDC</td><td>—</td><td></td><td>—</td><td>—</td><td></td><td>96,125</td><td></td><td>89,375</td><td></td></tr><tr><td>Obligations under capital leases</td><td>4,707</td><td></td><td>7,310</td><td>4,713</td><td></td><td>7,232</td><td></td><td>15,774</td><td></td></tr><tr><td>Total shareholder’s equity</td><td>366,426</td><td></td><td>296,288</td><td>271,022</td><td></td><td>119,795</td><td></td><td>106,923</td><td></td></tr></table>
<table><tr><td></td><td colspan="5"> Payments Due by Future Period</td></tr><tr><td></td><td> Total</td><td> Less than 1 Year</td><td> 1-3 Years</td><td> 3-5 Years</td><td> 5+ Years</td></tr><tr><td></td><td colspan="5"> (in thousands)</td></tr><tr><td>Operating leases (Note 14)</td><td>$20,133</td><td>$9,856</td><td>$6,341</td><td>$2,508</td><td>$1,428</td></tr><tr><td>Long-term debt including current portion (Note 6)</td><td>421,134</td><td>148,169</td><td>271,063</td><td>1,902</td><td>—</td></tr><tr><td>Interest on long-term debt -1</td><td>18,383</td><td>10,782</td><td>7,411</td><td>189</td><td>—</td></tr></table>
<table><tr><td></td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td>Share-based compensation cost</td><td>$18.1</td><td>$14.6</td><td>$13.8</td></tr><tr><td>Income tax benefit</td><td>$-6.3</td><td>$-5.2</td><td>$-4.9</td></tr></table>

Question: What was the average of Net income of Basic earnings per share in 2003, 2002 and 2001 ?
Answer: 0.97333