Net Income per Common Share

9 Months Ended

Oct. 31, 2012

8. Net Income per Common Share

The following is a reconciliation of the weighted average shares outstanding used for the computation of basic and diluted net income per common share:


	Three Months Ended October 31,				Nine Months Ended October 31,
	2012		2011		2012		2011
Basic weighted average shares outstanding		145,539,816		151,170,175		145,024,545		157,313,818
Effect of dilutive options, stock appreciation rights, restricted shares and performance share units		1,547,166		2,264,636		1,067,897		2,437,675

Diluted weighted average shares outstanding		147,086,982		153,434,811		146,092,442		159,751,493

For the three months ended October 31, 2012 and 2011, awards to purchase 2,904,808 common shares with an exercise price range of $37.02 to $39.58 and awards to purchase 4,688,250 common shares with an exercise price range of $27.45 to $39.58, respectively, were outstanding but were not included in the Company’s computation of diluted weighted average shares outstanding because their effect would have been anti-dilutive. Furthermore, awards to purchase 3,219,200 and 3,490,017 common shares were outstanding for the nine months ended October 31, 2012 and 2011, respectively, but were not included in the Company’s computation of diluted weighted average shares outstanding because their effect would have been anti-dilutive. The exercise price of the awards range from $28.49 to $39.58 and $32.89 to $39.58 for the nine months ended October 31, 2012 and 2011, respectively.

Excluded from the calculations of diluted net income per common share, as of October 31, 2012, were 1,952,158 performance based equity awards, since they did not meet the required performance criteria.

- Definition

The entire disclosure for earnings per share.

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