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Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows:
 
 
 
Three Months Ended
 
 
2012
 
2011
 
 
Earnings
 
Shares
 
Per-Share
 
Earnings
 
Shares
 
Per-Share
(In thousands, except per share data)
 
(Numerator)
 
(Denominator)
 
Amount
 
(Numerator)
 
(Denominator)
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders
 
$
97,829

 
170,713

 
$
0.57

 
$
72,044

 
168,299

 
$
0.43

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
Stock options and non-vested shares
 

 
4,921

 
 
 

 
5,292

 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders including assumed conversions
 
$
97,829

 
175,634

 
$
0.56

 
$
72,044

 
173,591

 
$
0.42



For the three months ended June 30, 2012 and July 2, 2011, options to purchase 2.4 million and 2.2 million shares, respectively, of common stock at per share prices ranging from $55.24 to $85.96 and $38.99 to $60.62, respectively, were not included in the computation of diluted earnings per share because the options were anti-dilutive.

 
 
Six Months Ended
 
 
2012
 
2011
 
 
Earnings
 
Shares
 
Per-Share
 
Earnings
 
Shares
 
Per-Share
(In thousands, except per share data)
 
(Numerator)
 
(Denominator)
 
Amount
 
(Numerator)
 
(Denominator)
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders
 
$
186,537

 
170,336

 
$
1.10

 
$
136,600

 
167,706

 
$
0.81

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
Stock options and non-vested shares
 

 
4,997

 
 
 

 
5,422

 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders including assumed conversions
 
$
186,537

 
175,333

 
$
1.06

 
$
136,600

 
173,128

 
$
0.79



For the six months ended June 30, 2012 and July 2, 2011, options to purchase 2.0 million and 1.8 million shares, respectively, of common stock at per share prices ranging from $51.60 to $85.96 and $38.06 to $60.62, respectively, were not included in the computation of diluted earnings per share because the options were anti-dilutive.