STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on November 13, 2006
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| Nine Months Ended | Three Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| (In thousands of dollars, except per share data) | 2006 | 2005 | 2006 | 2005 | ||||||||||||
Numerator: |
||||||||||||||||
Net income (loss) |
$ | 88,013 | $ | 21,162 | $ | 31,833 | $ | 9,542 | ||||||||
Effect of dilutive securities none |
| | | | ||||||||||||
Numerator
for net income per common share diluted |
$ | 88,013 | $ | 21,162 | $ | 31,833 | $ | 9,542 | ||||||||
Denominator: |
||||||||||||||||
Weighted average common shares |
351,434 | 315,000 | 354,253 | 315,000 | ||||||||||||
Effect of dilutive securities |
1 | | 2 | | ||||||||||||
Denominator
for net income per common share
diluted |
351,435 | 315,000 | 354,255 | 315,000 | ||||||||||||
Net income (loss) per common share: |
||||||||||||||||
Basic |
$ | .25 | $ | .07 | $ | .09 | $ | .03 | ||||||||
Diluted |
$ | .25 | $ | .07 | $ | .09 | $ | .03 | ||||||||