Earnings Per Share and Stock Issuances

6 Months Ended

May 31, 2011

Earnings Per Share and Stock Issuances

Earnings Per Share and Stock Issuances

7. EARNINGS PER SHARE AND STOCK ISSUANCES

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

	Three months ended May 31,				Six months ended May 31,
	2011		2010		2011		2010
Average shares outstanding – basic		132.4		133.1		132.7		132.7
Effect of dilutive securities:
Stock options, Restricted Stock Units (RSUs) and employee stock purchase plan		1.7		1.7		1.6		1.6
Average shares outstanding – diluted		134.1		134.8		134.3		134.3

The following table sets forth the stock options and RSUs for the three and six months ended May 31, 2011 and 2010 which were not considered in our earnings per share calculation since they were anti-dilutive.

	Three months ended May 31,				Six months ended May 31,
	2011		2010		2011		2010
Anti-dilutive securities		0.5		0.7		0.4		3.0

The following table sets forth the common stock activity for the three and six months ended May 31, 2011 and 2010 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 May 31,				Six months ended May 31,
	2011		2010		2011		2010
Shares issued under stock option, employee stock purchase plans and RSUs		0.5		0.9		1.1		1.6
Shares repurchased in connection with the stock repurchase program		0.8		0.2		1.9		0.2

As of May 31, 2011, $270 million remained of the $400 million share repurchase authorization that was authorized by the Board of Directors in June 2010.