STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on May 9, 2008
Exhibit 11
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| (In thousands of dollars, except per share data) | Three Months Ended March 31, |
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| 2008 | 2007 | |||||
| Numerator: |
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| Net income |
$ | 88,906 | $ | 16,084 | ||
| Effect of dilutive securities none |
| | ||||
| Numerator for net income per common share diluted |
$ | 88,906 | $ | 16,084 | ||
| Denominator: |
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| Weighted average common shares |
355,079 | 354,603 | ||||
| Effect of dilutive securities |
715 | 902 | ||||
| Denominator for net income per common share diluted |
355,794 | 355,505 | ||||
| Net income per common share: |
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| Basic |
$ | .25 | $ | .05 | ||
| Diluted |
$ | .25 | $ | .05 | ||