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Earnings per Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings per Share

Note I – Earnings per Share

Net income was used as the numerator in computing both basic and diluted income per Common share for the three-months ended March 31, 2014 and 2013. The following table reconciles the weighted-average shares outstanding used for these computations.

 

     Three Months Ended
March 31,
 
(Weighted-average shares)    2014      2013  

Basic method

     181,367,565         190,810,201   

Dilutive stock options and restricted stock units

     1,209,005         955,194   
  

 

 

    

 

 

 

Diluted method

     182,576,570         191,765,395   
  

 

 

    

 

 

 

The following table reflects certain options to purchase shares of common stock that were outstanding during the 2014 and 2013 periods but were not included in the computation of diluted EPS above because the incremental shares from assumed conversion were antidilutive.

 

     Three Months Ended
March 31,
 
     2014      2013  

Antidilutive stock options excluded from diluted shares

     1,555,015         3,794,002   

Weighted average price of these options

   $ 58.97       $ 62.18