Earnings Per Share

6 Months Ended

Jun. 30, 2012

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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(In thousands, except per share data)
Net income – basic and diluted numerator:	$	201,461	$	266,586	$	386,630	$	517,198
Weighted average shares – basic (denominator):		139,029		139,027		139,028		139,027
Effect of dilutive potential shares Stock options and stock appreciation rights		11		25		11		25
Weighted average shares including conversions – diluted (denominator)		139,040		139,052		139,039		139,052
Earnings per share:
Basic	$	1.45	$	1.92	$	2.78	$	3.72
Diluted	$	1.45	$	1.92	$	2.78	$	3.72

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 June  30,				Six Months Ended June  30,
	2012		2011		2012		2011
	(In thousands)
Employee and director:
Stock options		18		8		18		8
Stock appreciation rights		835		693		802		669