STATEMENT RE; COMPUTATION OF PER SHARE EARNINGS
Published on May 10, 2007
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| Three Months Ended | ||||||||
| March 31, | ||||||||
| (In thousands of dollars, except per share data) | 2007 | 2006 | ||||||
Numerator: |
||||||||
Net income (loss) |
$ | 16,084 | $ | 8,133 | ||||
Effect of dilutive securities none |
| | ||||||
Numerator for net income per common share diluted |
$ | 16,084 | $ | 8,133 | ||||
Denominator: |
||||||||
Weighted average common shares |
354,603 | 350,001 | ||||||
Effect of dilutive securities |
902 | | ||||||
Denominator for net income per common share diluted |
355,505 | 350,001 | ||||||
Net income (loss) per common share: |
||||||||
Basic |
$ | .05 | $ | .02 | ||||
Diluted |
$ | .05 | $ | .02 | ||||