EARNINGS PER SHARE (NVE)

9 Months Ended

Sep. 30, 2011

NOTE 9. EARNINGS PER SHARE (NVE)

The difference, if any, between basic EPS and diluted EPS is due to potentially dilutive common shares resulting from stock options, the employee stock purchase plan, performance and restricted stock plans, and the non-employee director stock plan.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2011		2010			2011		2010
Basic EPS
Numerator ($000)
Net Income	$	173,462	$	177,546	(2)	$	188,680	$	212,771	(2)

Denominator(1)
Weighted average number of common shares outstanding		235,990,373		235,117,058			235,796,321		234,991,208

Per Share Amounts
Net Income per share - basic	$	0.74	$	0.76	(2)	$	0.80	$	0.91	(2)

Diluted EPS
Numerator ($000)
Net Income	$	173,462	$	177,546	(2)	$	188,680	$	212,771	(2)

Denominator(1)
Weighted average number of shares outstanding before dilution		235,990,373		235,117,058			235,796,321		234,991,208
Stock options		33,343		35,973			36,314		30,818
Non-Employee Director stock plan		141,122		147,718			142,587		137,032
Employee stock purchase plan		4,012		9,463			4,547		6,186
Restricted Shares		146,464		87,613			123,940		69,322
Performance Shares		1,586,016		1,079,362			1,217,087		902,159
Diluted Weighted Average Number of Shares		237,901,330		236,477,187			237,320,796		236,136,725

Per Share Amounts
Net income per share - diluted	$	0.73	$	0.75	(2)	$	0.80	$	0.90	(2)

(1)

The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices being higher than market prices for all periods. If the conditions for conversion were met under this plan, 572,825 and 575,846 shares would be included for the three and nine months ended September 30, 2011, and 701,190 and 707,950 would be included for the three and nine months ended September 30, 2010, respectively.

(2)

As discussed in Note 1, Summary of Significant Accounting Policies, net income and earnings per share basic and diluted were reduced from that previously reported by $5.2 million (net of taxes) and $0.02 per share (net of taxes), respectively.