Earnings Per Share and Stock Issuances

9 Months Ended

Aug. 31, 2013

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCES

EARNINGS PER SHARE AND STOCK ISSUANCE

The following table sets forth the reconciliation of average shares outstanding (in millions):

	Three months ended August 31,		Nine months ended August 31,
	2013	2012	2013	2012
Average shares outstanding – basic	132.1	132.7	132.2	132.8
Effect of dilutive securities:
Stock options/RSUs/MTIP	1.4	1.6	1.5	1.5
Average shares outstanding – diluted	133.5	134.3	133.7	134.3

The following table sets forth the stock options and RSUs for the three and nine months ended August 31, 2013 and 2012 which were not considered in our earnings per share calculation since they were anti-dilutive.

	Three months ended August 31,		Nine months ended August 31,
	2013	2012	2013	2012
Anti-dilutive securities	0.9	0.2	0.5	0.5

The following table sets forth the common stock activity for the three and nine months ended August 31, 2013 and 2012 under the Company’s stock option and employee stock purchase plans and the repurchases of common stock under its stock repurchase program (in millions):

	Three months ended August 31,		Nine months ended August 31,
	2013	2012	2013	2012
Shares issued under stock option, employee stock purchase plans and RSUs	0.1	0.4	0.9	1.4
Shares repurchased in connection with the stock repurchase program	—	0.5	1.4	1.8

As of August 31, 2013, $45 million remained of the $400 million share repurchase authorization that was authorized by the Board of Directors in June 2010. In April 2013, the Board of Directors authorized a new share repurchase program to purchase up to another $400 million of the company's outstanding shares.