SEAGATE TECHNOLOGY AND ITS PREDECESSOR NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS—(CONTINUED) 7.  Business Segment and Geographic Information Prior to the Company’s sale of XIOtech Corporation to New SAC on November 4, 2002, the Company had two operating segments: rigid disc drives and storage area networks, however, only the rigid disc drive business was a reportable segment.
See Note 12, Sale of XIOtech Corporation.
The operating results for XIOtech are included in the Company’s consolidated results of operations through the date that XIOtech was sold to New SAC and are included in the “other” category below.
The Company has identified its Chief Executive Officer, or CEO, as the Chief Operating Decision Maker.
Gross profit from operations is defined as revenue less cost of revenue.
In fiscal year 2003, Hewlett-Packard Corporation accounted for more than 10% of consolidated revenue for a total of $1.143 billion.
In fiscal year 2002, on a combined basis Compaq Computer Corporation and Hewlett-Packard Corporation (Hewlett-Packard Corporation acquired Compaq Computer Corporation in May 2002) accounted for more than 10% of consolidated revenue for a total of $1.190 billion.
For the period from November 23, 2000 to June 29, 2001, Compaq Computer Corporation and EMC Corporation each accounted for more than 10% of consolidated revenue for a total of $527 million and $434 million, respectively.
For the period from July 1, 2000 to November 22, 2000, Compaq Computer Corporation and EMC Corporation each accounted for more than 10% of combined revenue for a total of $422 million and $328 million, respectively.
Long-lived assets consist of property, equipment and leasehold improvements, capital leases, equity investments, goodwill and other intangibles, and other non-current assets as recorded by the Company’s operations in each area.
The following tables summarize the Company’s operations by business segment:
## Table 0 ##
On a separate basis, in conformity with accounting principles generally accepted in the United States, XIOtech had net losses of $9 million, $51 million, $50 million and $24 million in fiscal year 2003, fiscal year 2002, the period from November 23, 2000 to June 29, 2001 and the period from July, 2000 to November 22, 2000.
Table of Contents SEAGATE TECHNOLOGY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) obligation.
Changes in the Company’s product warranty liability during the fiscal years ended July 2, 2004 and June 27, 2003 were as follows:
## Table 1 ##
The Company offers extended warranties on certain of its products.
Deferred revenue in relation to extended warranties has not been material to date.12.
Related Party Transactions Affiliate Transactions Historically, the Company has provided substantial services to other affiliated companies.
Upon the closing of the stock purchase agreement by New SAC, these services continue to be provided by the Company through New SAC.
The services provided generally include general management, treasury, tax, financial reporting, benefits administration, insurance, information technology, legal, accounts payable and receivable and credit functions, among others.
The Company charges for these services through corporate expense allocations.
The amount of corporate expense allocations depends upon the total amount of allocable costs incurred by the Company on behalf of the affiliated company less amounts charged as specified cost or expense rather than by allocation.
Such costs have been proportionately allocated to the affiliated companies based on detailed inquiries and estimates of time incurred by the Company’s corporate marketing and general administrative departmental managers.
Management believes that the allocations charged to other affiliated companies are reasonable.
Allocations charged to other affiliated companies’ marketing and administrative expenses for fiscal years 2004, 2003 and 2002 were approximately $2 million, $4 million and $4 million, respectively.
XIOtech Corporation and Certance Holdings (“Certance”) are affiliates of Seagate Technology.
The Company recorded revenue from XIOtech and Certance of $8 million and $3 million in fiscal year 2004, $23 million and $5 million in fiscal year 2003, and $8 million and $7 million in fiscal year 2002, respectively.
The amounts receivable from Xiotech and Certance were $1 million from each at July 2, 2004 and $1 million and $5 million, respectively, at June 27, 2003.
Purchases and sales to other affiliated companies were not material for any of the periods presented.
Certain members of our board of directors are also on the boards of directors of Microsoft Corporation, Flextronics International Ltd. , United Parcel Service, Inc. , and E2open, Inc.
The Company sells disc drives to Microsoft and Flextronics for use in their products.
The Company recorded net revenue of $113 million, $136 million and $124 million in fiscal years 2004, 2003 and 2002, respectively, for sales to Microsoft and Flextronics.
With respect to such sales, at July 2, 2004, the Company had accounts receivable and accounts payable of $23 million and $7 million, respectively, and at June 27, 2003, the Company had accounts receivable and accounts payable of $15 million and $0 million, respectively.
The Company made payments to United Parcel Service of $114 million, $120 million and $92 million in fiscal years 2004, 2003 and 2002, respectively.
At July 2, 2004 and June 27, 2003, the Company had accounts payable to United Parcel Service of $10 million and $17 million, respectively.
Purchases from E2open, Inc.  were $2 million, $1 million, and $2 million for fiscal
Accumulated other comprehensive income (loss), net of income tax effect, includes the following components:
## Table 2 ##
During the year ended February 28, 2006, the Company changed the structure of certain of its cash flow hedges of forecasted foreign currency denominated transactions.
As a result, the Company received $18.5 million in proceeds from the early termination of related foreign currency derivative instruments.
As the forecasted transactions are still probable, this amount was recorded to AOCI and will be reclassified from AOCI into earnings in the same periods in which the original hedged items are recorded in the Consolidated Statements of Operations.
See Note 9 for discussion of $30.3 million cash proceeds received from the early termination of interest rate swap agreements in March 2005.17.
Significant Customers and Concentration of Credit Risk: Sales to the five largest customers represented 32.8%, 21.7% and 21.1% of the Company’s sales for the years ended February 29, 2008, February 28, 2007, and February 28, 2006, respectively.
Sales to the Company’s largest customer, Southern Wine and Spirits, represent 12.3% of the Company’s sales for the year ended February 29, 2008, of which 85.6% is reported within the Constellation Wines segment and 14.4% is reported within the Constellation Spirits segment.
No single customer was responsible for greater than 10% of sales for the years ended February 28, 2007, and February 28, 2006.
Accounts receivable from the Company’s largest customer represented 9.0%, 13.0% and 11.0% of the Company’s total accounts receivable as of February 29, 2008, February 28, 2007, and February 28, 2006, respectively.
Sales to the Company’s five largest customers are expected to continue to represent a significant portion of the Company’s revenues.
The Company’s arrangements with certain of its customers may, generally, be terminated by either party with prior notice.
The Company performs ongoing credit evaluations of its customers’ financial position, and management of the Company is of the opinion that any risk of significant loss is reduced due to the diversity of customers and geographic sales area.18.
Acquisition-related Integration Costs: For the year ended February 29, 2008, the Company recorded $11.8 million of acquisition-related integration costs associated primarily with the Vincor Plan (as defined in Note 19) and the Fiscal 2008 Plan.
The Company defines acquisition-related integration costs as nonrecurring costs incurred to integrate newly acquired businesses after a business combination which are incremental to those of the Company prior to the business combination.
As such, acquisition-related integration costs include, but are not limited to, (i) employee-related costs such as salaries and stay bonuses paid to employees of the acquired business that will be terminated after their integration activities are completed, (ii) costs to relocate fixed assets and inventories, and (iii) facility costs and other costs such as external services and consulting fees.
For the year ended February 29, 2008, acquisitionrelated integration costs included $4.8 million of employee-related costs and $7.0 million of facilities and other costs.
For the years ended February 28, 2007, and February 28, 2006, the Company recorded $23.6 million of acquisition-related integration costs associated primarily with the Vincor Plan and $16.8 million of acquisition-related integration costs associated with the Robert Mondavi Plan (as defined in Note 19), respectively.19.
Restructuring and Related Charges: The Company has several restructuring plans within its Constellation Wines segment as follows: Fiscal 2004 Plan – During fiscal 2004, the Company announced a plan to further realign business operations and a plan to exit the commodity concentrate product line in the U. S.  (the “Fiscal 2004 Plan”).
The Fiscal 2004 Plan consists of exiting the commodity concentrate product line located in Madera, California, and selling the Company’s Escalon facility located in Escalon, California.
The decision to exit the commodity concentrate product line resulted from the fact that the line was facing declining sales and profits and was not part of the Company’s core beverage alcohol business.
By exiting the commodity concentrate line, the Company was able to free up capacity at its winery in Madera, and move production and storage from Escalon to Madera, and forego further investment in its aging Escalon facility.
The Fiscal 2004 Plan includes the renegotiation of existing grape contracts associated with commodity concentrate inventory, asset writeoffs and severance-related costs.
The Fiscal 2004 Plan has been completed as of February 29, 2008.
Robert Mondavi Plan – In January 2005, the Company announced a plan to restructure and integrate the operations of Robert Mondavi (the “Robert Mondavi Plan”).
The objective of the Robert Mondavi Plan is to achieve operational efficiencies and eliminate redundant costs resulting from the December 22, 2004, acquisition of Robert Mondavi.
The Robert Mondavi Plan includes the elimination of certain employees, the consolidation of certain field sales and administrative offices, and the termination of various contracts.
The Company does not expect any additional costs associated with the Robert Mondavi Plan to be recognized in its Consolidated Statements of Operations.
The Company expects related cash expenditures to be completed by February 29, 2012.
14.
CAPITAL STOCK AND EARNINGS PER SHARE We are authorized to issue 250 million shares of preferred stock, none of which were issued or outstanding as of December 31, 2009.
The numerator for both basic and diluted earnings per share is net earnings available to common stockholders.
The denominator for basic earnings per share is the weighted average number of common shares outstanding during the period.
The denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards.
The following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending December 31 (in millions):
## Table 3 ##
For the year ended December 31, 2009, an average of 14.3 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock.
For the years ended December 31, 2008 and 2007, an average of 11.2 million and 3.1 million options, respectively, were not included.
During 2009, we repurchased approximately 19.8 million shares of our common stock at an average price of $46.56 per share for a total cash outlay of $923.7 million, including commissions.
In April 2008, we announced that our Board of Directors authorized a $1.25 billion share repurchase program which was originally set to expire on December 31, 2009.
In September 2009, the Board of Directors extended this program to December 31, 2010.
Approximately $211.1 million remains authorized for future repurchases under this plan.15.
SEGMENT DATA We design, develop, manufacture and market orthopaedic reconstructive implants, dental implants, spinal implants, trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation.
We also provide other healthcare-related services.
Revenue related to these services currently represents less than 1 percent of our total net sales.
We manage operations through three major geographic segments – the Americas, which is comprised principally of the United States and includes other North, Central and South American markets; Europe, which is comprised principally of Europe and includes the Middle East and Africa; and Asia Pacific, which is comprised primarily of Japan and includes other Asian and Pacific markets.
This structure is the basis for our reportable segment information discussed below.
Management evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses, share-based compensation expense, settlement, certain claims, acquisition, integration, realignment and other expenses, net curtailment and settlement, inventory step-up, in-process research and development write-offs and intangible asset amortization expense.
Global operations include research, development engineering, medical education, brand management, corporate legal, finance, and human resource functions and U. S.  and Puerto Rico-based manufacturing operations and logistics.
Intercompany transactions have been eliminated from segment operating profit.
Management reviews accounts receivable, inventory, property, plant and equipment, goodwill and intangible assets by reportable segment exclusive of U. S.  and Puerto Rico-based manufacturing operations and logistics and corporate assets.

<table><tr><td></td><td colspan="3">Seagate Technology</td><td rowspan="2">Predecessor Period from July 1, 2000 to November 22, 2000</td></tr><tr><td></td><td>Fiscal Year Ended June 27, 2003</td><td>Fiscal Year Ended June 28, 2002</td><td>Period from November 23, 2000 to June 29, 2001</td></tr><tr><td></td><td colspan="4">(in millions)</td></tr><tr><td> Revenue and Gross Profit</td><td></td><td></td><td></td><td></td></tr><tr><td>Revenue:</td><td></td><td></td><td></td><td></td></tr><tr><td>Rigid Disc Drives</td><td>$6,464</td><td>$6,023</td><td>$3,626</td><td>$2,292</td></tr><tr><td>Other</td><td>24</td><td>74</td><td>39</td><td>21</td></tr><tr><td>Eliminations</td><td>-2</td><td>-10</td><td>-9</td><td>-3</td></tr><tr><td>Consolidated</td><td>$6,486</td><td>$6,087</td><td>$3,656</td><td>$2,310</td></tr><tr><td>Gross Profit:</td><td></td><td></td><td></td><td></td></tr><tr><td>Rigid Disc Drives</td><td>$1,715</td><td>$1,558</td><td>$712</td><td>$264</td></tr><tr><td>Other</td><td>12</td><td>35</td><td>20</td><td>11</td></tr><tr><td>Consolidated</td><td>$1,727</td><td>$1,593</td><td>$732</td><td>$275</td></tr><tr><td> Total Assets</td><td></td><td></td><td></td><td></td></tr><tr><td>Total Assets:</td><td></td><td></td><td></td><td></td></tr><tr><td>Rigid Disc Drives</td><td>$3,522</td><td>$3,103</td><td></td><td></td></tr><tr><td>Other</td><td>—</td><td>43</td><td></td><td></td></tr><tr><td>Operating Segments</td><td>3,522</td><td>3,146</td><td></td><td></td></tr><tr><td>Eliminations</td><td>-5</td><td>-51</td><td></td><td></td></tr><tr><td>Consolidated</td><td>$3,517</td><td>$3,095</td><td></td><td></td></tr></table>
<table><tr><td></td><td>Fiscal Year Ended July 2, 2004</td><td>Fiscal Year Ended June 27, 2003</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>Balance, beginning of period</td><td>$134</td><td>$160</td></tr><tr><td>Warranties issued</td><td>69</td><td>81</td></tr><tr><td>Repairs and replacements</td><td>-143</td><td>-125</td></tr><tr><td>Changes in liability for pre-existing warranties, including expirations</td><td>65</td><td>18</td></tr><tr><td>Balance, end of period</td><td>$125</td><td>$134</td></tr></table>
<table><tr><td></td><td></td><td> Dividend </td></tr><tr><td> Record Date</td><td> Paid Date</td><td> per Share</td></tr><tr><td>August 5, 2005</td><td>August 19, 2005</td><td>$0.08</td></tr><tr><td>November 4, 2005</td><td>November 18, 2005</td><td>$0.08</td></tr><tr><td>February 3, 2006</td><td>February 17, 2006</td><td>$0.08</td></tr><tr><td>May 5, 2006</td><td>May 19, 2006</td><td>$0.08</td></tr><tr><td>August 18, 2006</td><td>September 1, 2006</td><td>$0.08</td></tr><tr><td>November 3, 2006</td><td>November 17, 2006</td><td>$0.10</td></tr><tr><td>February 2, 2007</td><td>February 16, 2007</td><td>$0.10</td></tr><tr><td>May 4, 2007</td><td>May 18, 2007</td><td>$0.10</td></tr></table>
<table><tr><td></td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>Weighted average shares outstanding for basic net earnings per share</td><td>215.0</td><td>227.3</td><td>235.5</td></tr><tr><td>Effect of dilutive stock options and other equity awards</td><td>0.8</td><td>1.0</td><td>2.0</td></tr><tr><td>Weighted average shares outstanding for diluted net earnings per share</td><td>215.8</td><td>228.3</td><td>237.5</td></tr></table>

Question: what is the percent change in weighted average shares outstanding for basic net earnings per share between 2008 and 2009?
Answer: -0.05411