Stockholders' Equity And Earnings Per Share Attributable To CMC

6 Months Ended

Feb. 29, 2012

Stockholders' Equity And Earnings 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		Six Months Ended
	February 29,	February 28,	February 29,	February 28,
	2012	2011	2012	2011
Shares outstanding for basic earnings per share	115,703,142	114,736,984	115,616,844	114,528,001
Effect of dilutive securities:
Stock based incentive/purchase plans	1,140,314	—	1,029,625	—
Shares outstanding for diluted earnings per share	116,843,456	114,736,984	116,646,469	114,528,001

For the three and six months ended February 29, 2012, SARs with total share commitments of 2.2 million were antidilutive and therefore excluded from the calculation of diluted earnings per share.For the three and six months ended February 28, 2011, no stock options, restricted stock or SARs were included in the calculation of dilutive shares because the Company reported a loss from continuing operations. All stock options and SARs expire by 2019.

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 six months of 2012 and had remaining authorization to purchase 8,259,647 shares of its common stock at February 29, 2012.