EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 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		Nine Months Ended
	September 30,		September 30,
(In thousands)	2013	2012	2013	2012
Weighted-average shares - basic	420,986	419,312	420,664	418,866
Dilution effect of stock appreciation rights and stock awards at end of period	2,467	3,140	2,160	3,128
Weighted-average shares - diluted	423,453	422,452	422,824	421,994
Weighted-average shares excluded from diluted earnings per share due to the anti-dilutive effect	1	92	3	204