Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note G – Earnings Per Share

Basic earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and non-vested shares.

A reconciliation of basic and diluted earnings per share (EPS) is as follows:

	Three Months Ended September 30,
In thousands, except per share amounts	2011		2010
BASIC EPS
Net Income	$	12,128	$	13,815
Weighted-average common shares outstanding used in earnings per share computations		62,798		63,622
Earnings per common share	$	0.19	$	0.22
DILUTED EPS
Net Income	$	12,128	$	13,815
Shares used in diluted earnings per share computations		63,059		64,076
Earnings per common share	$	0.19	$	0.22
Computation of shares used in earnings per share computations:
Weighted-average outstanding common shares		62,798		63,622
Weighted-average common equivalent shares – dilutive effect of stock options and awards		261		454
Shares used in diluted earnings per share computations		63,059		64,076

5.4 million and 6.1 million anti-dilutive market price options have been excluded from the calculation of shares used in the diluted EPS calculation for the three months ended September 30, 2011 and 2010, respectively. 0.3 million anti-dilutive non-vested shares have been excluded from the calculation of shares used in the diluted EPS calculation for the three months ended September 30, 2011.

	Nine Months Ended September 30,
In thousands, except per share amounts	2011		2010
BASIC EPS
Net Income	$	29,470	$	38,000
Weighted-average common shares outstanding used in earnings per share computations		63,291		63,612
Earnings per common share	$	0.47	$	0.60
DILUTED EPS
Net Income	$	29,470	$	38,000
Shares used in diluted earnings per share computations		63,669		64,119
Earnings per common share	$	0.46	$	0.59
Computation of shares used in earnings per share computations:
Weighted-average outstanding common shares		63,291		63,612
Weighted-average common equivalent shares – dilutive effect of stock options and awards		378		507
Shares used in diluted earnings per share computations		63,669		64,119

5.4 million and 6.1 million anti-dilutive market price options have been excluded from the calculation of shares used in the diluted EPS calculation for the nine months ended September 30, 2011 and 2010, respectively. 0.3 million anti-dilutive non-vested shares have been excluded from the calculation of shares used in the diluted EPS calculation for the nine months ended September 30, 2011.