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Earnings per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings per Share

Note M – Earnings per Share

The following table reconciles the weighted-average shares outstanding for computation of basic and diluted income per Common share for each of the three years ended December 31, 2013. No difference existed between net income used in computing basic and diluted income per Common share for these years.

 

(Weighted-average shares outstanding)

   2013      2012      2011  

Basic method

     187,921,062         193,902,335         193,409,621   

Dilutive stock options

     1,350,336         766,402         1,102,781   
  

 

 

    

 

 

    

 

 

 

Diluted method

     189,271,398         194,668,737         194,512,402   
  

 

 

    

 

 

    

 

 

 

The following table reflects certain options to purchase shares of common stock that were outstanding during the three years ended December 31, 2013, but were not included in the computation of diluted EPS above because the incremental shares from assumed conversion were antidilutive.

 

     2013      2012      2011  

Antidilutive stock options excluded from diluted shares

     1,026,900         3,329,689         1,823,564   

Weighted average price of these options

   $ 54.54       $ 64.72       $ 69.46