Earnings per Share

12 Months Ended

Dec. 31, 2012

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, 2012. No difference existed between net income used in computing basic and diluted income per Common share for these years.

(Weighted-average shares outstanding)	2012		2011		2010
Basic method		193,902,335		193,409,621		191,830,357
Dilutive stock options		766,402		1,102,781		1,327,457
Diluted method		194,668,737		194,512,402		193,157,814

Outstanding options to purchase shares of Common stock were not included in the computation of diluted earnings per share in 2010 through 2012 when the incremental shares from assumed conversion were antidilutive. These included 3,329,689 shares at a weighted average share price of $64.72 in 2012, 1,823,564 shares at a weighted average share price of $69.46 in 2011 and 2,220,567 shares at a weighted average share price of $58.78 in 2010.