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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2012
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 is presented below:

 

 

 

Three-Months Ended

 

 

 

March 31,

 

 

 

2012

 

2011

 

Weighted-average shares outstanding:

 

 

 

 

 

Basic

 

174,832

 

177,858

 

Dilutive securities

 

10,430

 

9,390

 

Diluted

 

185,262

 

187,248

 

 

For the three-months ended March 31, 2012 and 2011, options outstanding totaling 0.2 million and 0.7 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.