Earnings Per Share (Disclosure)

3 Months Ended

Jul. 31, 2013

Earnings (Loss) Per Share of Common Stock

Earnings Per Share

3.       Earnings per Share

We compute basic earnings per share (EPS) using the weighted average number of shares of common stock outstanding during each period. Shares of common stock to be issued under approved incentive compensation plans and forward sale agreements are contingently issuable shares, as determined by applying the treasury stock method, and are included in our calculation of fully diluted EPS.

A reconciliation of basic and diluted EPS for the threemonthsand nine months ended July 31, 2013 and 2012 is presented below.

		Three Months				Nine Months
In thousands except per share amounts		2013		2012		2013		2012
Net Income (Loss)	$	(2,293)	$	(4,613)	$	139,420	$	121,806
Average shares of common stock outstanding for
basic earnings per share		75,774		71,936		74,521		71,933
Contingently issuable shares under incentive
compensation plans *		-		-		330		300
Contingently issuable shares under forward
sale agreements **		-		-		136		-
Average shares of dilutive stock		75,774		71,936		74,987		72,233
Earnings (Loss) Per Share of Common Stock:
Basic	$	(0.03)	$	(0.06)	$	1.87	$	1.69
Diluted	$	(0.03)	$	(0.06)	$	1.86	$	1.69

* For the three months ended July 31, 2013 and 2012, the inclusion of 316and 300 contingently issuable shares under incentive compensation plans, respectively, would have been antidilutive.

** For the three months ended July 31, 2013, the inclusion of 192 contingently issuable shares under forward sales agreements would have been antidilutive.