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EARNINGS PER SHARE (NVE)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 9.        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, 
   2013 2012  2013 2012 
Basic EPS             
 Numerator ($000)             
  Net Income$63,233 $69,439  $84,708 $81,612 
                
 Denominator             
  Weighted average number of common shares outstanding 235,489,559  235,999,750   235,342,448  235,999,750 
                
 Per Share Amounts             
  Net Income per share - basic$0.27 $0.29  $0.36 $0.35 
                
Diluted EPS             
 Numerator ($000)             
  Net Income$63,233 $69,439  $84,708 $81,612 
                
 Denominator(1)             
  Weighted average number of shares outstanding before dilution 235,489,559  235,999,750   235,342,448  235,999,750 
  Stock options 58,916  38,237   38,842  36,760 
  Non-Employee Director stock plan 185,335  160,257   182,653  156,972 
  Employee stock purchase plan 2,719  2,725   6,672  6,807 
  Restricted Shares 472,000  518,750   525,500  508,250 
  Performance Shares 1,192,871  1,183,557   1,108,390  1,006,531 
  Diluted Weighted Average Number of Shares 237,401,400  237,903,276   237,204,505  237,715,070 
                
 Per Share Amounts             
  Net income per share - diluted$0.27 $0.29  $0.36 $0.34 
                
  (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 the periods ending June 30, 2012. If the conditions for conversion were met under this plan, 327,503 and 330,322 shares, would be included for the three and six months ended June 30, 2012, respectively.