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Net Earnings Per Share
9 Months Ended
Nov. 30, 2011
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

12. Net Earnings per Share

Our restricted stock awards are considered participating securities because they contain nonforfeitable rights to dividends and are included in the computation of earnings per share pursuant to the two-class method. Nonvested MSUs do not receive nonforfeitable dividend equivalent rights, and therefore, are not considered participating securities. RSUs are nonparticipating, non-equity instruments, and therefore, are excluded from net earnings per share calculations.

BASIC AND DILUTIVE NET EARNINGS PER SHARE RECONCILIATIONS

       
 
    Three Months Ended   Nine Months Ended
    November 30   November 30
(In thousands except per share data)   2011   2010   2011   2010
Net earnings $ 82,794 $ 82,364 $ 320,977 $ 291,368
Less net earnings allocable to restricted stock   0   330   160   1,282
Net earnings available for basic common shares   82,794   82,034   320,817   290,086
Adjustment for dilutive potential common shares   0   9   0   0
Net earnings available for diluted common shares $ 82,794 $ 82,043 $ 320,817 $ 290,086
Weighted average common shares outstanding   226,446   223,953   226,104   223,007
Dilutive potential common shares:                
Stock options   3,337   3,867   3,622   3,346
Stock-settled restricted stock units   849   651   803   571
Weighted average common shares and dilutive                
potential common shares   230,632   228,471   230,529   226,924
Basic net earnings per share $ 0.37 $ 0.37 $ 1.42 $ 1.30
Diluted net earnings per share $ 0.36 $ 0.36 $ 1.39 $ 1.28

 

For the quarters ended November 30, 2011 and 2010, weighted-average options to purchase 3,263,335 shares and 1,558,839 shares, respectively, of common stock were outstanding and not included in the calculations of diluted net earnings per share because their inclusion would be antidilutive. For the nine months ended November 30, 2011 and 2010, weighted-average options to purchase 3,026,729 shares and 3,234,902 shares, respectively, were outstanding and not included in the calculations.