Note 11 - Income Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Income per Share

Income per Share

A reconciliation of basic and diluted income per share is presented below:

(In thousands, except per share amounts)	2011		2010		2009
Basic:
Net income	$	770,711	$	782,884	$	251,062
Basic weighted shares outstanding	321,892		307,302		294,493
Net income per share	$	2.39	$	2.55	$	0.85
Diluted:
Net income	$	770,711	$	782,884	$	251,062
Weighted shares outstanding	321,892		307,302		294,493
Effect of dilutive securities:
Stock options, ESPP shares, and restricted stock unit shares	5,714		6,610		2,687
Diluted weighted shares outstanding	327,606		313,912		297,180
Net income per share	$	2.35	$	2.49	$	0.84

In applying the treasury stock method, we excluded 1.8 million stock option shares and restricted stock units for 2011 because their effect was anti-dilutive. While these stock option shares and restricted stock units are currently anti-dilutive, they could be dilutive in the future. Anti-dilutive stock option shares totaled 3.5 million for 2010 and 27.7 million for 2009. All restricted stock units outstanding as of December 31, 2010 and December 31, 2009 were included in our treasury stock method calculation.