Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 3 – 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 March 31, 2012:
Basic earnings per common share	$	52,439		47,829	$	1.10
Effect of dilutive stock options, restricted stock and stock appreciation rights (SARs)		0		297		(0.01	)
Diluted earnings per common share	$	52,439		48,126	$	1.09
For the three months ended March 31, 2011:
Basic earnings per common share	$	41,027		47,584	$	0.86
Effect of dilutive stock options, restricted stock and SARs		0		321		0
Diluted earnings per common share	$	41,027		47,905	$	0.86

The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:

	Three Months Ended March 31,
	2012		2011
Stock options and SARs		149,665		73,500
Average Exercise Price	$	58.41	$	64.43