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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Reconciliation of Weighted Average Shares Used in Calculating Basic and Diluted Earnings Per Share

A reconciliation of weighted average shares used in calculating basic and diluted earnings per share follows:

 

(000’s omitted)

   For the Three Months Ended
September 30,

(unaudited)
     For the Nine Months Ended
September 30,

(unaudited)
 
              2012                      2011                      2012                      2011          

Basic

     68,242         73,297         70,284         73,016   

Effect of exercise of stock options

     987         1,117         976         1,187   

Effect of contingent common stock issuance

     -         -         48         48   

Effect of assumed vesting of restricted stock

     1,288         1,332         1,213         1,269   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     70,517         75,746         72,521         75,520