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Earnings per Share
12 Months Ended
Dec. 31, 2014
Earnings per Share [Abstract]  
Earnings per Share

Note N – Earnings per Share

 

The following table reconciles the weighted-average shares outstanding for computation of basic and diluted income per Common share for each of the three years ended December 31, 2014.  No difference existed between net income used in computing basic and diluted income per Common share for these years.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Weighted-average shares outstanding)

 

2014

 

2013

 

2012

Basic method

 

178,852,942 

 

187,921,062 

 

193,902,335 

Dilutive stock options

 

1,218,042 

 

1,350,336 

 

766,402 

        Diluted method

 

180,070,984 

 

189,271,398 

 

194,668,737 

 

The following table reflects certain options to purchase shares of common stock that were outstanding during the three years ended December 31, 2014, but were not included in the total of dilutive stock options above because the incremental shares from assumed conversion were antidilutive.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

Antidilutive stock options excluded from diluted shares

 

1,893,364 

 

1,026,900 

 

3,329,689 

Weighted average price of these options

 

$
55.21 

 

$
54.54 

 

$
64.72