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EARNINGS PER SHARE (EPS)
9 Months Ended
Sep. 30, 2012
EARNINGS PER SHARE (EPS)

NOTE 3: EARNINGS PER SHARE (EPS)

We report two earnings per share numbers: basic and diluted. These are computed by dividing net earnings by the weighted-average common shares outstanding (basic EPS) or weighted-average common shares outstanding assuming dilution (diluted EPS) as set forth below:

 

      Three Months Ended
September 30
           Nine Months Ended
September 30
 
in thousands    2012       2011           2012       2011  

Weighted-average common shares outstanding

     129,753         129,493              129,674         129,341   

Dilutive effect of

              

Stock options/SOSARs

     120         35            0         0   

Other stock compensation plans

     342         240              0         0   

Weighted-average common shares outstanding, assuming dilution

       130,215           129,768                129,674           129,341   

All dilutive common stock equivalents are reflected in our earnings per share calculations. Antidilutive common stock equivalents are not included in our earnings per share calculations. In periods of loss, shares that otherwise would have been included in our diluted weighted-average common shares outstanding computation are excluded. These excluded shares are as follows: nine months ended September 30, 2012 — 471,000 and nine months ended September 30, 2011 — 304,000.

 

The number of antidilutive common stock equivalents for which the exercise price exceeds the weighted-average market price is as follows:

 

     

Three Months Ended 

September 30 

          

Nine Months Ended 

September 30 

 
in thousands    2012      2011            2012      2011   

Antidilutive common stock equivalents

     5,046         5,871              5,046         5,871