Earnings Per Share

9 Months Ended

Sep. 30, 2013

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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
	(In thousands, except per share data)
Net income – basic and diluted numerator:	$	94,748	$	178,186	$	456,071	$	564,816
Weighted average shares – basic (denominator):		139,035		139,030		139,034		139,029
Effect of dilutive potential shares
Stock options and stock appreciation rights		30		23		38		17
Weighted average shares including conversions – diluted (denominator)		139,065		139,053		139,072		139,046
Earnings per share:
Basic	$	0.68	$	1.28	$	3.28	$	4.06
Diluted	$	0.68	$	1.28	$	3.28	$	4.06

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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
	(In thousands)
Employee and director:
Stock options		18		18		18		18
Stock appreciation rights		982		874		885		900