STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on August 9, 2007
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| (In thousands of dollars, except per share data) | Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||
| 2007 | 2006 | 2007 | 2006 | |||||||||||||
Numerator: |
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Net income |
$ | 84,681 | $ | 56,180 | $ | 68,597 | $ | 48,047 | ||||||||
Effect of dilutive securities none |
| | | | ||||||||||||
Numerator for net income per common share
diluted |
$ | 84,681 | $ | 56,180 | $ | 68,597 | $ | 48,047 | ||||||||
Denominator: |
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Weighted average common shares |
354,740 | 350,001 | 354,876 | 350,002 | ||||||||||||
Effect of dilutive securities |
989 | 1 | 1,075 | 1 | ||||||||||||
Denominator for net income per common share
diluted |
355,729 | 350,002 | 355,951 | 350,003 | ||||||||||||
Net income per common share: |
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Basic |
$ | .24 | $ | .16 | $ | .19 | $ | .14 | ||||||||
Diluted |
$ | .24 | $ | .16 | $ | .19 | $ | .14 | ||||||||