Earnings (Loss) Per Share Attributable to CMC

12 Months Ended

Aug. 31, 2011

Earnings (Loss) Per Share Attributable to CMC [Abstract]

Earnings (Loss) Per Share Attributable to CMC

NOTE 17. EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO CMC

In calculating earnings (loss) per share, there were no adjustments to net earnings (loss) to arrive at earnings (loss) for any years presented. The reconciliation of the denominators of the earnings (loss) per share calculations are as follows at August 31:

	2011		2010		2009
Shares outstanding for basic earnings (loss) per share		114,995,616		113,524,836		112,391,180
Effect of dilutive securities:
Stock-based incentive/purchase plans		—		—		1,489,195
Shares outstanding for diluted earnings (loss) per share		114,995,616		113,524,836		113,880,375

For the years ended August 31, 2011 and 2010, no stock options, restricted stock or SARs were included in the calculation of dilutive shares because the Company recorded losses from continuing operations. All of the Company’s outstanding stock options and restricted stock were dilutive at August 31, 2009 based on the average share price of $16.62. SARs with total share commitments of 2,879,707 were antidilutive at August 31, 2009. All stock options and SARs expire by 2018.

The Company’s restricted stock is included in the number of shares of common stock issued and outstanding, but omitted from the basic earnings (loss) per share calculation until the shares vest.