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EARNINGS PER SHARE (NVE)
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 8.        EARNINGS PER SHARE (NVE)

 

The difference, if any, between basic EPS and diluted EPS is due to potentially dilutive common shares resulting from stock options, the employee stock purchase plan, performance and restricted stock plans, and the non-employee director stock plan.

    Three Months Ended March 31, 
    2012 2011 
 Basic EPS      
  Numerator ($000)      
   Net Income$12,173 $2,330 
          
  Denominator      
   Weighted average number of common shares outstanding 235,999,750  235,526,425 
          
  Per Share Amounts      
   Net Income per share - basic$0.05 $0.01 
          
 Diluted EPS      
  Numerator ($000)      
   Net Income$12,173 $2,330 
          
  Denominator(1)      
   Weighted average number of shares outstanding before dilution 235,999,750  235,526,425 
   Stock options 35,283  33,399 
   Non-Employee Director stock plan 153,686  163,902 
   Employee stock purchase plan 10,888  14,345 
   Restricted Shares 497,750  101,240 
   Performance Shares 829,506  945,347 
   Diluted Weighted Average Number of Shares 237,526,863  236,784,658 
          
  Per Share Amounts      
   Net Income per share - diluted$0.05 $0.01 
          
          
(1)The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices being higher than market prices for all periods. If the conditions for conversion were met under this plan, 466,183 and 581,757 shares would be included for the three months ended March 31, 2012 and 2011, respectively.