STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on November 9, 2007
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| (In thousands of dollars, except per share data) | Nine Months Ended September 30, | Three Months Ended September 30, | ||||||||||
| 2007 | 2006 | 2007 | 2006 | |||||||||
| Numerator: |
||||||||||||
| Net income |
$ | 139,397 | $ | 88,013 | $ | 54,716 | $ | 31,833 | ||||
| Effect of dilutive securities none |
| | | | ||||||||
| Numerator for net income per common share diluted |
$ | 139,397 | $ | 88,013 | $ | 54,716 | $ | 31,833 | ||||
| Denominator: |
||||||||||||
| Weighted average common shares |
354,797 | 351,434 | 354,909 | 354,253 | ||||||||
| Effect of dilutive securities |
957 | 1 | 893 | 2 | ||||||||
| Denominator for net income per common share diluted |
355,754 | 351,435 | 355,802 | 354,255 | ||||||||
| Net income per common share: |
||||||||||||
| Basic |
$ | .39 | $ | .25 | $ | .15 | $ | .09 | ||||
| Diluted |
$ | .39 | $ | .25 | $ | .15 | $ | .09 | ||||