EARNINGS PER SHARE AND STOCK ISSUANCES

6 Months Ended

May 31, 2012

EARNINGS PER SHARE AND STOCK ISSUANCES

8. EARNINGS PER SHARE AND STOCK ISSUANCES

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

	Three months ended				Six months ended
	May 31,				May 31,
	2012		2011		2012		2011
Average shares outstanding – basic		132.6		132.4		132.8		132.7
Effect of dilutive securities:
Stock options/Restricted Stock Units (RSUs)		1.5		1.7		1.5		1.6
Average shares outstanding – diluted		134.1		134.1		134.3		134.3

The following table sets forth the stock options and RSUs for the three and six months ended May 31, 2012 and 2011 which were not considered in our earnings per share calculation since they were anti-dilutive.

	Three months ended				Six months ended
	May 31,				May 31,
	2012		2011		2012		2011
Anti-dilutive securities		0.7		0.5		0.6		0.4

The following table sets forth the common stock activity for the three and six months ended May 31, 2012 and 2011 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				Six months ended
	May 31,				May 31,
	2012		2011		2012		2011
Shares issued under stock option, employee stock purchase plans and RSUs		0.5		0.5		1.0		1.1
Shares repurchased in connection with the stock repurchase program		0.5		0.8		1.3		1.9

As of May 31, 2012, $201 million remained of the $400 million share repurchase authorization that was authorized by the Board of Directors in June 2010.