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Earnings Per Share
9 Months Ended
Sep. 30, 2011
Earnings Per Share 
Earnings Per Share

15. Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

Third Quarter

 

Nine Months

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(in millions, except per share amounts)

 

 

 

 

 

(restated)

 

 

 

(restated)

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

761.2

 

$

164.6

 

$

859.2

 

$

677.2

 

Less: Distributed and undistributed income (loss) available to nonvested shareholders

 

0.4

 

0.3

 

0.5

 

1.3

 

Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries

 

$

760.8

 

$

164.3

 

$

858.7

 

$

675.9

 

Basic shares

 

183.2

 

183.7

 

183.7

 

184.0

 

Basic earnings per share

 

$

4.15

 

$

0.89

 

$

4.67

 

$

3.67

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries

 

$

760.8

 

$

164.3

 

$

858.7

 

$

675.9

 

Plus: Re-allocation of undistributed income (loss) available to nonvested shareholders of AGL and subsidiaries

 

 

 

 

 

 

Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries

 

$

760.8

 

$

164.3

 

$

858.7

 

$

675.9

 

Basic shares

 

183.2

 

183.7

 

183.7

 

184.0

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Options and restricted stock awards

 

0.8

 

0.8

 

0.9

 

0.9

 

Equity units

 

 

2.8

 

1.7

 

4.0

 

Diluted shares

 

184.0

 

187.3

 

186.3

 

188.9

 

Diluted earnings per share

 

$

4.13

 

$

0.88

 

$

4.61

 

$

3.58

 

Potentially dilutive securities excluded from computation of earnings per share because of antidilutive effect

 

3.5

 

4.7

 

3.4

 

3.2