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EARNINGS PER COMMON SHARE
9 Months Ended
Sep. 30, 2011
EARNINGS PER COMMON SHARE 
EARNINGS PER COMMON SHARE

 

 

5. EARNINGS PER COMMON SHARE

 

Basic EPS is computed by dividing net income (the numerator) by the weighted-average number of common shares outstanding for the period (the denominator). Diluted EPS is similarly calculated except that the denominator is increased using the treasury stock method to reflect the potential dilution that could occur if outstanding stock options and stock appreciation rights were exercised and stock awards were vested at the end of the applicable period.

 

The following is a calculation of basic and diluted weighted-average shares outstanding:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(In thousands)

 

2011

 

2010

 

2011

 

2010

 

Weighted-Average Shares - Basic

 

104,285

 

103,955

 

104,232

 

103,889

 

Dilution Effect of Stock Options, Stock Appreciation Rights and Stock Awards at End of Period

 

1,175

 

1,270

 

1,084

 

1,255

 

Weighted-Average Shares - Diluted

 

105,460

 

105,225

 

105,316

 

105,144

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average Stock Awards and Shares Excluded from Diluted Earnings per Share due to the Anti-Dilutive Effect

 

 

 

 

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