Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

3. Earnings Per Share

     A reconciliation of the numerators and the denominators of our basic and diluted per-share computations follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
	(In thousands, except per share data)
Net income — basic (numerator):	$	266,586	$	224,393	$	517,198	$	515,246
Effect of dilutive potential shares
Convertible debentures		—		32		—		56
Net income including conversions — diluted (numerator)	$	266,586	$	224,425	$	517,198	$	515,302
Weighted average shares — basic (denominator):		139,027		139,026		139,027		139,026
Effect of dilutive potential shares
Convertible debentures		—		32		—		42
Stock options and stock appreciation rights		25		21		25		36
Weighted average shares including conversions — diluted (denominator)		139,052		139,079		139,052		139,104
Earnings per share:
Basic	$	1.92	$	1.61	$	3.72	$	3.71
Diluted	$	1.92	$	1.61	$	3.72	$	3.70

     The following table sets forth the share effects of stock options and the number of stock appreciation rights excluded from our computations of diluted earnings per share, or EPS, as the inclusion of such potentially dilutive shares would have been antidilutive for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
			(In thousands)
Employee and director:
Stock options		8		8		8		4
Stock appreciation rights		693		672		669		557