I am unable to answer Nancy's questions but I think they suggest a broader question. Hemscott provides normalized operating data. The FAQ provides the following:

The analysts at our data provider, Hemscott Data, adjust net income as reported by the company on their Form 10-K or Form 10-Q to calculate fully-diluted, normalized, Earnings Per Share. This figure includes income from continuing operations, less any extraordinary gains/losses or other non-continuing special income or charges. The figure is calculated using diluted common shares outstanding (adjusted for the assumed conversion of all potentially dilutive securities, which may include convertible debentures, warrants, options, convertible preferred stock, etc.)

I have noted differences when comparing Stock Central, SDS and VL data versus as reported data. While I know there are many exceptions it would be helpful if a more definitive explanation of how Hemscott adjusts the as reported data to arrive at their fully diluted, normalized EPS. Perhaps the guidelines Hemscott  provides to their analysts on how they should make these adjustments would help users of the data better be able to bridge between the as reported data and the Stock Central data.  The differences seem to indicate a somewhat different methodology than used by S&P and VL and thus I think it would be helpful to better understand this. Yes I know one can dig through the 10K and reverse engineer how Hemscott may have adjusted the data but it would be nice to better know what they are thinking when their analysts make the adjustments.

A specific question related to this regards the new method of expensing stock options that started in 2006.  Most companies reported 2006 data with the impact of the option expenses but did not restate prior year results. Thus showing some significant 2006 result changes from 2005.  Will the Hemscott data restate the prior year(s) results to better provide an apples to apples comparison?

A second question relates to the share adjustment due to options.  Does the adjustment consider options that are in the money and not vested, in the money and vested, vested and in or out of the money or all outstanding options? 

Dan Hess