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EARNINGS PER SHARE AND DIVIDEND DATA (Tables)
12 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE AND DIVIDEND DATA [Abstract]  
Basic and Diluted Earnings Per Share Computations
The computation of basic earnings per share is based on the weighted average number of common shares outstanding.  The computation of diluted earnings per share is based on the weighted average number of shares of common stock outstanding plus the shares resulting from the assumed exercise or vesting of all outstanding share-based awards using the treasury stock method.  Weighted-average antidilutive stock options to purchase 2.9 million, 2.8 million and 2.2 million shares of Company common stock with a weighted average exercise price of $20.64, $21.75 and $23.46 per share for 2012, 2011 and 2010, respectively, were excluded from diluted shares.  Antidilutive other equity awards covering approximately 36,000 shares of Company common stock for 2011 were also excluded from diluted shares.  There were no antidilutive other equity awards for 2012 and 2010.  The following tables provide a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the years ended December 31, 2012, 2011 and 2010:
 
 
2012
 
 
Income
 
 
Shares
 
 
Per Share
 
 
(Numerator)
 
 
(Denominator)
 
 
Amount
 
Basic EPS:
 
(In thousands, except per share amounts)
 
Income available to common shareholders
 
$
84,295
 
 
 
93,774
 
 
$
0.90
 
Effect of dilutive stock options
 
 
-
 
 
 
90
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Income available to common shareholders   plus assumed exercise
 
$
84,295
 
 
 
93,864
 
 
$
0.90
 

2011
Income
Shares
Per Share
(Numerator)
(Denominator)
Amount
Basic EPS:
(In thousands, except per share amounts)
Income available to common shareholders
$
37,569
83,486
$
0.45
Effect of dilutive stock options
-
23
Diluted EPS:
Income available to common shareholders plus assumed exercise
$
37,569
83,509
$
0.45
 
2010
Income
Shares
Per Share
(Numerator)
(Denominator)
Amount
Basic EPS:
(In thousands, except per share amounts)
Income available to common shareholders
$
22,942
83,425
$
0.28
Effect of dilutive stock options
-
90
Diluted EPS:
Income available to common shareholders plus assumed exercise
$
22,942
83,515
$
0.27