Earnings Per Common Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Common Share

Note Q — Earnings Per Common Share

Summarized basic and diluted earnings per common share were calculated as follows:

	Net Earnings		Weighted Average Shares	Per Share
	(In thousands, except per share data)
Year Ended December 31, 2012
Basic earnings per common share	$	183,492	58,913	$	3.11
Effect of dilutive stock options	—		492
Diluted earnings per common share	$	183,492	59,405	$	3.09

	Net Earnings		Weighted Average Shares	Per Share
	(In thousands, except per share data)
Year Ended December 31, 2011
Basic earnings per common share	$	164,637	61,188	$	2.69
Effect of dilutive stock options	—		701
Diluted earnings per common share	$	164,637	61,889	$	2.66

	Net Earnings		Weighted Average Shares	Per Share
	(In thousands, except per share data)
Year Ended December 31, 2010
Basic earnings per common share	$	171,642	65,104	$	2.64
Effect of dilutive stock options	—		799
Diluted earnings per common share	$	171,642	65,903	$	2.60

For 2012, 2011, and 2010, the number of stock options that were outstanding but not included in the computation of diluted earnings per common share because their exercise price was greater than the average market price of the common stock and, therefore anti-dilutive, were 1,115,245, 744,640, and 1,839,225, respectively.