XML 35 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
Information related to the calculation of earnings per share follows:
 
Income
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
(In thousands except per share amounts)
For the three months ended September 30, 2013
 
 
 
 
 
Basic earnings per common share
$
34,232

 
48,254

 
$
0.71

Effect of dilutive stock options, restricted stock, and stock appreciation rights (SARs)
—

 
404

 
(0.01
)
Diluted earnings per common share
$
34,232

 
48,658

 
$
0.70

For the three months ended September 30, 2012
 
 
 
 
 
Basic earnings per common share
$
46,586

 
47,938

 
$
0.97

Effect of dilutive stock options, restricted stock, and SARs
—

 
263

 
—

Diluted earnings per common share
$
46,586

 
48,201

 
$
0.97



The following table shows the number of stock options and SARs (and their average exercise price) not included in the prior calculation because their option exercise prices were greater than the average market price of our common stock:
 
Three Months Ended
September 30,
 
2013
 
2012
Stock options and SARs
149,665

 
278,901

Average exercise price
$
58.41

 
$
51.57



 
Income
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
(In thousands except per share amounts)
For the nine months ended September 30, 2013
 
 
 
 
 
Basic earnings per common share
$
133,445

 
48,193

 
$
2.77

Effect of dilutive stock options, restricted stock, and SARs
—

 
317

 
(0.02
)
Diluted earnings per common share
$
133,445

 
48,510

 
$
2.75

For the nine months ended September 30, 2012
 
 
 
 
 
Basic earnings per common share
$
79,723

 
47,891

 
$
1.66

Effect of dilutive stock options, restricted stock, and SARs
—

 
215

 
—

Diluted earnings per common share
$
79,723

 
48,106

 
$
1.66



The following table shows the number of stock options and SARs (and their average exercise price) not included in the prior calculation because their option exercise prices were greater than the average market price of our common stock:

 
Nine Months Ended
September 30,
 
2013
 
2012
Stock options and SARs
149,665

 
250,901

Average exercise price
$
58.41

 
$
52.72