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EARNINGS PER SHARE (NVE)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 14.        HYPERLINK \l "Earnings"EARNINGS PER SHARE (NVE)

 

The difference between basic EPS and diluted EPS is due to potentially dilutive common shares resulting from NEDSP, the ESPP and the LTIP.

 

The following table outlines the calculation for earnings per share (EPS):

    Year Ended December 31,  
    2012 2011 2010  
 Basic EPS          
  Numerator ($000)          
   Net income$321,946 $163,432 $226,984  
              
  Denominator           
   Weighted-average number of common shares outstanding 235,840,558  235,847,596  235,048,347  
              
  Per Share Amounts          
   Net income per share – basic$1.37 $0.69 $0.97  
              
 Diluted EPS          
  Numerator ($000)          
   Net income$321,946 $163,432 $226,984  
              
  Denominator(1)          
   Weighted-average number of shares outstanding before dilution 235,840,558  235,847,596  235,048,347  
   Stock options 31,443  36,189  34,590  
   Non-Employee Director stock plan 163,543  143,791  141,577  
   Employee stock purchase plan 5,671  4,111  5,909  
   Restricted Shares 545,750  395,813  78,920  
   Performance Shares 1,296,916  1,339,571  985,469  
  Diluted Weighted Average Number of Shares 237,883,881  237,767,071  236,294,812  
              
  Per Share Amounts          
   Net income per share - diluted$1.35 $0.69 $0.96  
              
 (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. Under this plan, an additional 297,803, 390,095 and 563,624 shares for 2012, 2011   
   and 2010, respectively, would be included in each of these periods if the conditions for conversion were met.