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EARNINGS PER SHARE (NVE)
9 Months Ended
Sep. 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 September 30,  Nine Months Ended September 30, 
   2012 2011  2012 2011 
Basic EPS             
 Numerator ($000)             
  Net Income$223,170 $173,462  $304,782 $188,680 
                
 Denominator             
  Weighted average number of common shares outstanding 235,961,402  235,990,373   235,986,874  235,796,321 
                
 Per Share Amounts             
  Net Income per share - basic$0.95 $0.74  $1.29 $0.80 
                
Diluted EPS             
 Numerator ($000)             
  Net Income$223,170 $173,462  $304,782 $188,680 
                
 Denominator(1)             
  Weighted average number of shares outstanding before dilution 235,961,402  235,990,373   235,986,874  235,796,321 
  Stock options 39,256  33,343   37,592  36,314 
  Non-Employee Director stock plan 166,829  141,122   160,257  142,587 
  Employee stock purchase plan 6,742  4,012   6,785  4,547 
  Restricted Shares 584,750  146,464   533,750  123,940 
  Performance Shares 1,362,753  1,586,016   1,125,272  1,217,087 
  Diluted Weighted Average Number of Shares 238,121,732  237,901,330   237,850,530  237,320,796 
                
 Per Share Amounts             
  Net income per share - diluted$0.94 $0.73  $1.28 $0.80 
                
  (1)The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices higher than market prices for all periods. If the conditions for conversion were met under this plan, 327,503 and 329,382 shares would be included for the three and nine months ended September 30, 2012, respectively, and 409,080 would be included for both the three and nine months ended September 30, 2011.