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Net Income Per Share
 6 Months Ended
Jun. 30, 2012
Net Income Per Share [Abstract]  
Net Income Per Share [Text Block]
3.    Net Income Per Share

The following table sets forth the computation of Net Income Per Share for the three-month and six-month periods ended June 30, 2012 and 2011 (in thousands, except per share data):

 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Numerator for Basic and Diluted Earnings Per Share -
 
 
 
 
 
 
 
 
Net Income
 
$
395,778
 
 
$
295,574
 
 
$
719,787
 
 
$
429,547
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for Basic Earnings Per Share -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Shares
 
 
266,874
 
 
 
265,830
 
 
 
266,718
 
 
 
259,766
 
Potential Dilutive Common Shares -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock Options/SARs
 
 
1,428
 
 
 
1,807
 
 
 
1,611
 
 
 
1,891
 
Restricted Stock and Restricted Stock Units
 
 
1,683
 
 
 
1,695
 
 
 
1,754
 
 
 
1,706
 
Denominator for Diluted Earnings Per Share -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Diluted Weighted Average Shares
 
 
269,985
 
 
 
269,332
 
 
 
270,083
 
 
 
263,363
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
1.48
 
 
$
1.11
 
 
$
2.70
 
 
$
1.65
 
Diluted
 
$
1.47
 
 
$
1.10
 
 
$
2.67
 
 
$
1.63
 

EOG RESOURCES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
(Unaudited)


The diluted earnings per share calculation excludes stock options and SARs that were anti-dilutive.  Shares underlying the excluded stock options and SARs totaled 0.3 million and 0.2 million shares for the three months ended June 30, 2012 and 2011, respectively, and 0.2 million shares for each of the six months ended June 30, 2012 and 2011.