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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2013
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

 

Six-Months Ended

 

 

June 30,

 

June 30,

 

 

2013

 

2012

 

2013

 

2012

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

166,447

 

176,186

 

165,988

 

175,509

Dilutive securities

 

6,903

 

10,098

 

7,004

 

10,324

Diluted

 

173,350

 

186,284

 

172,992

 

185,833

 

For the three-months ended June 30, 2013 and 2012, options outstanding totaling 1.3 million and 0.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.  For the six-months ended June 30, 2013 and 2012, options outstanding totaling 1.1 million and 0.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.