STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on August 11, 2008
Exhibit 11
EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
| (In thousands of dollars, except per share data) |
Six Months Ended June 30, |
Three Months Ended June 30, |
||||||||||
| 2008 | 2007 | 2008 | 2007 | |||||||||
| Numerator: |
||||||||||||
| Net income |
$ | 169,253 | $ | 84,681 | $ | 80,347 | $ | 68,597 | ||||
| Effect of dilutive securities none |
| | | | ||||||||
| Numerator for net income per common share diluted |
$ | 169,253 | $ | 84,681 | $ | 80,347 | $ | 68,597 | ||||
| Denominator: |
||||||||||||
| Weighted average common shares |
355,159 | 354,740 | 355,239 | 354,876 | ||||||||
| Effect of dilutive securities |
611 | 989 | 507 | 1,075 | ||||||||
| Denominator for net income per common share diluted |
355,770 | 355,729 | 355,746 | 355,951 | ||||||||
| Net income per common share: |
||||||||||||
| Basic |
$ | .48 | $ | .24 | $ | .23 | $ | .19 | ||||
| Diluted |
$ | .48 | $ | .24 | $ | .23 | $ | .19 | ||||