Earnings Per Share Attributable To CMC

9 Months Ended

May 31, 2013

Earnings Per Share [Abstract]

Earnings per share attributable to CMC

NOTE 14. EARNINGS PER SHARE ATTRIBUTABLE TO CMC

In calculating earnings per share, there were no adjustments to net earnings to arrive at earnings for any periods presented. The reconciliation of the denominators of the earnings per share calculations is as follows:

	Three Months Ended May 31,		Nine Months Ended May 31,
	2013	2012	2013	2012
Shares outstanding for basic earnings per share	116,845,542	115,946,691	116,589,382	115,726,793
Effect of dilutive securities:
Share-based incentive/purchase plans	858,048	988,149	867,374	1,015,800
Shares outstanding for diluted earnings per share	117,703,590	116,934,840	117,456,756	116,742,593

At May 31, 2013 and 2012, SARs with total share commitments of 1.7 million and 2.1 million, respectively, were antidilutive and therefore were excluded from the calculation of diluted earnings per share. All stock options and SARs expire by 2020.

CMC's restricted stock is included in the number of shares of common stock issued and outstanding, but is omitted from the basic earnings per share calculation until the shares vest.

The Company did not purchase any shares during the first nine months of 2013 and had remaining authorization to purchase 8,259,647 shares of its common stock at May 31, 2013.