Stockholders' Equity and Earnings (Loss) Per Share Attributable to CMC

3 Months Ended

Nov. 30, 2011

Stockholders' Equity and Earnings (Loss) Per Share Attributable to CMC [Abstract]

STOCKHOLDERS' EQUITY AND EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO CMC

NOTE 13 — STOCKHOLDERS’ EQUITY AND 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 was as follows:

	Three Months Ended November 30,
	2011		2010
Shares outstanding for basic earnings per share		115,530,545		114,319,017
Effect of dilutive securities:
Stock based incentive/purchase plans		918,938		904,676
Shares outstanding for diluted earnings per share		116,449,483		115,223,693

For the three months ended November 30, 2011 and 2010, SARs with total share commitments of 2.7 million and 2.3 million, respectively, were antidilutive and therefore excluded from the calculation of diluted earnings per share. 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.

The Company did not purchase any shares during the first quarter of 2012 and had remaining authorization to purchase 8,259,647 shares of its common stock at November 30, 2011.