NOTE 19—Earnings Per Share
The following table reconciles the numerators and denominators of the earnings per share calculation for the years ended February 28, 2013, February 29, 2012 and February 28, 2011 (in thousands, except per share amounts):
Year Ended February 28, 2013 |
Year Ended February 29, 2012 |
Year Ended February 28, 2011 |
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Net income, basic and diluted |
$ | 150,204 | $ | 146,626 | $ | 107,278 | ||||||
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Weighted average common shares outstanding |
193,147 | 193,151 | 190,294 | |||||||||
Incremental shares attributable to assumed vesting or exercise of outstanding equity award shares |
2,657 | 3,300 | 6,059 | |||||||||
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Diluted shares |
195,804 | 196,451 | 196,353 | |||||||||
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Diluted net income per share |
$ | 0.77 | $ | 0.75 | $ | 0.55 |
The following share awards are not included in the computation of diluted earnings per share because the aggregate value of proceeds considered received upon either exercise or vesting was greater than the average market price of the Company’s common stock during the related periods and the effect of including such share awards in the computation would be anti-dilutive (in thousands):
Year Ended February 28, 2013 |
Year Ended February 29, 2012 |
Year Ended February 28, 2011 |
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Number of shares considered anti-dilutive for calculating diluted EPS |
77 | 311 | 649 | |||||||||
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