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Net Income Per Common Share
6 Months Ended
Jun. 30, 2011
Net Income Per Common Share [Abstract]  
Net Income Per Common Share

Note 6 Net Income per Common Share

Basic net income per common share is based on the weighted average number of common shares outstanding. Diluted net income per common share is based on the weighted average number of common shares outstanding and potentially dilutive shares. The dilutive effect of employee stock-based compensation is included in the computation of diluted net income per common share. The dilutive effect of stock-based compensation is calculated using the treasury stock method and expected proceeds upon exercise or issuance of the stock-based compensation. The following table summarizes the shares, in thousands, used in computing basic and diluted net income per common share:

  Six MonthsEnded ThreeMonths Ended
  June 30, June 30,
  2011 2010 2011 2010
Average common shares outstanding during        
the period for basic computation 137,971 136,647 138,114 136,785
Dilutiveeffect of employeestock-based compensation 547 313 667 227
Average common shares outstanding during        
the period for diluted computation 138,518 136,960 138,781 137,012

 

For the six and three months ended June 30, 2011, employee stock options to purchase 933,800 shares of common stock, were excluded from the calculations of diluted net income per share as the calculated proceeds from the options' exercise were greater than the average market price of the Company's common stock during these periods. For the six and three months ended June 30, 2010, employee stock options to purchase 2,665,445 shares of common stock, were excluded from the calculations of diluted net income per share as the calculated proceeds from the options' exercise were greater than the average market price of the Company's common stock during these periods.