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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2011
EARNINGS PER SHARE  
EARNINGS PER SHARE

14.                            EARNINGS PER SHARE

 

A reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations for the years ended December 31, 2011, 2010 and 2009 is presented below (in thousands):

 

 

 

2011

 

2010

 

2009

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

Basic

 

176,212

 

177,028

 

179,934

 

Dilutive securities

 

10,462

 

9,014

 

9,352

 

Diluted

 

186,674

 

186,042

 

189,286

 

 

For the years ended December 31, 2011, 2010 and 2009, options outstanding totaling 0.3 million shares, 3.6 million shares and 5.0 million shares respectively, were excluded from the calculations as their effect would have been antidilutive.