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

Note I – Earnings per Share

Net income was used as the numerator in computing both basic and diluted income per Common share for the three-month and nine-month periods ended September 30, 2011 and 2010. The following table reconciles the weighted-average shares outstanding used for these computations.

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 

(Weighted-average shares)

   2011      2010      2011      2010  

Basic method

     193,517,785         191,943,813         193,342,825         191,577,000   

Dilutive stock options and restricted stock units

     893,331         1,494,179         1,206,021         1,289,485   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted method

     194,411,116         193,437,992         194,548,846         192,866,485   
  

 

 

    

 

 

    

 

 

    

 

 

 

Certain options to purchase shares of common stock were outstanding during the 2011 and 2010 periods but were not included in the computation of diluted EPS because the incremental shares from assumed conversion were antidilutive. These included 1,764,565 shares at a weighted average share price of $69.53 in each 2011 period and 2,237,753 shares at a weighted average share price of $58.79 in each 2010 period.