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EARNINGS PER SHARE (NVE)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 8.        EARNINGS PER SHARE (NVE)

 

The difference, if any, between basic EPS and diluted EPS is due to potentially dilutive common shares resulting from stock options, the employee stock purchase plan, performance and restricted stock plans, and the non-employee director stock plan.

   Three Months Ended June 30,  Six Months Ended June 30, 
   2012 2011  2012 2011 
Basic EPS             
 Numerator ($000)             
  Net Income$69,439 $12,888  $81,612 $15,218 
                
 Denominator             
  Weighted average number of common shares outstanding 235,999,750  235,867,068   235,999,750  235,697,687 
                
 Per Share Amounts             
  Net Income per share - basic$0.29 $0.05  $0.35 $0.06 
                
Diluted EPS             
 Numerator ($000)             
  Net Income$69,439 $12,888  $81,612 $15,218 
                
 Denominator(1)             
  Weighted average number of shares outstanding before dilution 235,999,750  235,867,068   235,999,750  235,697,687 
  Stock options 38,237  42,199   36,760  37,799 
  Non-Employee Director stock plan 160,257  122,737   156,972  143,319 
  Employee stock purchase plan 2,725  2,528   6,807  3,551 
  Restricted Shares 518,750  124,116   508,250  112,678 
  Performance Shares 1,183,557  1,119,898   1,006,531  1,032,622 
  Diluted Weighted Average Number of Shares 237,903,276  237,278,546   237,715,070  237,027,656 
                
 Per Share Amounts             
  Net income per share - diluted$0.29 $0.05  $0.34 $0.06 
                
  (1)The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices being higher than market prices for all periods. If the conditions for conversion were met under this plan, 435,872 and 451,028 shares, would be included for the three and six months ended June 30, 2012, respectively, and 572,957 and 577,357 would be included for the three and six months ended June 30, 2011, respectively.