v2.3.0.11
Earnings Per Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share
3. Earnings Per Share

Basic EPS is computed by dividing income available to common stockholders by the weighted-average number of shares of common stock outstanding for the period. The weighted average shares outstanding for diluted EPS includes the incremental effects of the various long-term incentive compensation plans and the Forward Agreements (refer to Note 4 "Forward Equity Agreement" for additional information). The calculation of diluted earnings per share for June 30, 2011 and 2010 excludes out-of-the-money stock options that had an anti-dilutive effect. The numerator in calculating both basic and diluted EPS for each period is reported net income. The computation of diluted average common shares follows:

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  

(in thousands)

   2011      2010      2011      2010  

Denominator

            

Basic average common shares outstanding

      280,217         277,566         279,780         277,258   

Dilutive potential common shares

            

Shares contingently issuable under employee stock plans

      1,078         300         1,061         300   

Shares restricted under employee stock plans

      342         511         326         480   

Forward Agreements

      5,422         —           4,989         —     
                                   

Diluted Average Common Shares

      287,059         278,377         286,156         278,038