STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on February 14, 2008
EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
| 2007 | 2006 | 2005 | |||||||
| Numerator: |
|||||||||
| Net income |
$ | 245,990 | $ | 153,072 | $ | 61,573 | |||
| Effect of dilutive securities: None |
| | | ||||||
| Numerator for net income per common share diluted |
$ | 245,990 | $ | 153,072 | $ | 61,573 | |||
| Denominator: |
|||||||||
| Weighted average common shares |
354,838 | 352,155 | 319,890 | ||||||
| Effect of dilutive securities: Stock options and restricted stock awards |
968 | 107 | 31 | ||||||
| Denominator for net income per common share diluted |
355,806 | 352,262 | 319,921 | ||||||
| Net income per common share: |
|||||||||
| Basic |
$ | .69 | $ | .43 | $ | .19 | |||
| Diluted |
$ | .69 | $ | .43 | $ | .19 | |||