Income Per Share

6 Months Ended

May 31, 2012

Income Per Share

Note F – Income Per Share

The following table sets forth the computation of earnings per common share and fully diluted earnings per common share as calculated under the two-class method:

	Three Months Ended					Six Months Ended
	May 31,					May 31,
(Dollars in millions)	2012		2011			2012		2011
Basic Earnings Per Share:
Income from continuing operations	$	6.9	$	7.5		$	17.6	$	9.0
Income from continuing operations allocated to participating securities		.1		.2			.3		.2
Income from continuing operations allocated to common stockholders	$	6.8	$	7.3		$	17.3	$	8.8
Income (Loss) from discontinued operations	$	.1	$	(1.3	)	$	2.9	$	(1.8	)
Income (Loss) from discontinued operations allocated to participating securities		—		—			—		—
Income (Loss) from discontinued operations allocated to common stockholders	$	.1	$	(1.3	)	$	2.9	$	(1.8	)
Net income	$	7.0	$	6.2		$	20.5	$	7.2
Net income allocated to participating securities		.1		.2			.3		.2
Net income allocated to common stockholders	$	6.9	$	6.0		$	20.2	$	7.0
Weighted-average common shares outstanding – basic		45.1		44.0			44.9		43.9
Income from continuing operations income per common share – basic	$	.15	$	.17		$	.38	$	.20
Income (Loss) from discontinued operations per common share – basic	$	—	$	(.03	)	$	.07	$	(.04	)
Net income per common share – basic	$	.15	$	.14		$	.45	$	.16
Diluted Earnings Per Share:
Income from continuing operations	$	6.9	$	7.5		$	17.6	$	9.0
Income from continuing operations allocated to participating securities		.1		.2			.3		.2
Income from continuing operations allocated to common stockholders	$	6.8	$	7.3		$	17.3	$	8.8
Income (Loss) from discontinued operations	$	.1	$	(1.3	)	$	2.9	$	(1.8	)
Income (Loss) from discontinued operations allocated to participating securities		—		—			—		—
Income (Loss) from discontinued operations allocated to common stockholders	$	.1	$	(1.3	)	$	2.9	$	(1.8	)
Net income	$	7.0	$	6.2		$	20.5	$	7.2
Net income allocated to participating securities		.1		.2			.3		.2
Net income allocated to common stockholders	$	6.9	$	6.0		$	20.2	$	7.0
Weighted-average common shares outstanding – basic		45.1		44.0			44.9		43.9
Dilutive effect of stock options		.2		.4			.1		.4
Weighted-average common shares outstanding – assuming dilution		45.3		44.4			45.0		44.3
Income from continuing operations per common share – assuming dilution	$	.15	$	.16		$	.38	$	.20
Income (Loss) from discontinued operations per common share – assuming dilution	$	—	$	(.02	)	$	.07	$	(.04	)
Net income per common share – assuming dilution	$	.15	$	.14		$	.45	$	.16

Options to purchase common stock and restricted shares of the Company totaling 0.5 million shares during the second quarter of 2011 and 0.3 million and 0.5 million during the first halves of 2012 and 2011, respectively, were not included in the computation of dilutive per share amounts as they would have had an anti-dilutive effect.