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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2011
Summary Of Preferred And Common Share Activity

Share Data: A summary of preferred and common share activity is as follows:

 

     Preferred Stock      Common Stock*  
     Issued      Treasury
Stock
     Issued     Treasury
Stock
 

2009:

          

Balance at January 1, 2009

     0         0         128,812,123        (1,750,651

Grants of restricted stock

             115,060   

Issuance of common stock due to exercise of stock options

             189,258   

Treasury stock acquired

             (3,104,700

Retirement of treasury stock

           (3,000,000     3,000,000   
  

 

 

    

 

 

    

 

 

   

 

 

 

Balance at December 31, 2009

     0         0         125,812,123        (1,551,033

2010:

          

Grants of restricted stock

             121,923   

Forfeitures of restricted stock

             (10,621

Issuance of common stock due to exercise of stock options

             1,273,598   

Treasury stock acquired

             (6,781,364

Retirement of treasury stock

           (6,000,000     6,000,000   
  

 

 

    

 

 

    

 

 

   

 

 

 

Balance at December 31, 2010

     0         0         119,812,123        (947,497

2011:

          

Grants of restricted stock

             173,553   

Forfeitures of restricted stock

             (7,153

Issuance of common stock due to exercise of stock options

             4,829,892   

Treasury stock acquired

             (23,281,453

Retirement of treasury stock

           (7,500,000     7,500,000   
  

 

 

    

 

 

    

 

 

   

 

 

 

Balance at December 31, 2011

     0         0         112,312,123        (11,732,658
  

 

 

    

 

 

    

 

 

   

 

 

 

 

*   Retroactively adjusted for stock split described in Note 1
Computation Of Basic And Diluted Earnings Per Share

A reconciliation of basic and diluted weighted-average shares outstanding used in the computation of basic and diluted earnings per share is as follows, retroactively adjusted for the three-for-two stock split:

 

     2011      2010      2009  

Basic weighted average shares outstanding

     108,278,113         122,009,228         124,550,384   

Weighted average dilutive options outstanding

     1,537,277         1,114,110         0   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     109,815,390         123,123,338         124,550,384