XML 49 R11.htm IDEA: XBRL DOCUMENT v2.3.0.15
PER SHARE DATA
9 Months Ended
Sep. 30, 2011
PER SHARE DATA [Abstract] 
PER SHARE DATA
NOTE 6 – PER SHARE DATA

The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares of common stock 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 of all outstanding share-based awards using the treasury stock method.  Weighted-average antidilutive stock options for 2.9 million shares of Company common stock for both the three months and nine months ended September 30, 2011, with a weighted average exercise price of $21.50 and $21.45 per share for the three months and nine months ended September 30, 2011, respectively, were excluded from diluted shares.  Weighted-average antidilutive stock options for 2.5 million and 2.2 million shares of Company common stock with a weighted average exercise price of $22.75 and $23.54 per share for the three months and nine months ended September 30, 2010, respectively, were excluded from diluted shares.  Antidilutive other equity awards of approximately 2,000 shares of Company common stock for the nine months ended September 30, 2011 were also excluded from diluted shares.  There were no antidilutive other equity awards for the three months ended September 30, 2011or the three months and nine months ended September 30, 2010.  The following tables provide a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown:

   
Three months ended September 30,
 
   
2011
  
2010
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income available to common
                  
   shareholders
 $11,934   83,489  $0.14  $11,260   83,433  $0.13 
Effect of dilutive share-
                        
  based awards
  -   -       -   40     
                          
Diluted EPS
                        
Income available to common
                        
   shareholders plus assumed
                        
   exercise of all outstanding
                        
   share-based awards
 $11,934   83,489  $0.14  $11,260   83,473  $0.13 

   
Nine months ended September 30,
 
   
2011
  
2010
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income available to common
                  
   shareholders
 $24,266   83,486  $0.29  $7,096   83,422  $0.09 
Effect of dilutive share-
                        
  based awards
  -   26       -   108     
                          
Diluted EPS
                        
Income available to common
                        
   shareholders plus assumed
                        
   exercise of all outstanding
                        
   share-based awards
 $24,266   83,512  $0.29  $7,096   83,530  $0.08