EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2013

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

5. EARNINGS PER COMMON SHARE

Basic EPS is computed by dividing net income (the numerator) by the weighted-average number of common shares outstanding for the period (the denominator). Diluted EPS is similarly calculated except that the denominator is increased using the treasury stock method to reflect the potential dilution that could occur if outstanding stock appreciation rights were exercised and stock awards were vested at the end of the applicable period.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(In thousands)	2013	2012	2013	2012
Weighted-average shares - basic	210,349	209,512	210,250	209,320
Dilution effect of stock appreciation rights and stock awards at end of period	1,396	1,646	1,242	1,654
Weighted-average shares - diluted	211,745	211,158	211,492	210,974
Weighted-average stock awards and shares excluded from diluted earnings per share due to the anti-dilutive effect	1	122	287	179