Earnings per Share

12 Months Ended

Dec. 31, 2011

Earnings per Share

Note M – 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, 2011. No difference existed between net income used in computing basic and diluted income per Common share for these years.

(Weighted-average shares outstanding)	2011		2010		2009
Basic method		193,409,621		191,830,357		190,767,077
Dilutive stock options		1,102,781		1,327,457		1,701,373
Diluted method		194,512,402		193,157,814		192,468,450

Outstanding options to purchase shares of Common Stock were not included in the computation of diluted earnings per share in 2009 through 2011 because the incremental shares from assumed conversion were antidilutive. These included 1,823,564 shares at a weighted average share price of $69.46 in 2011, 2,220,567 shares at a weighted average share price of $58.78 in 2010 and 1,793,905 shares at a weighted average share price of $56.25 in 2009.