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EARNINGS PER SHARE AND STOCK ISSUANCES (Tables)
6 Months Ended
May 31, 2012
Reconciliation of Average Shares Outstanding

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   
  

 

 

    

 

 

    

 

 

    

 

 

 
Anti-Dilutive Securities not Considered in Earnings Per Share Calculation

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   
Common Stock Activity

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