STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Published on March 2, 2009
Exhibit 11
Computation of Per Share Earnings
| Post-Merger | Pre-Merger | ||||||||||||
| (In thousands, except per share data) |
Period from July 31 through December 31, 2008 |
Period from January 1 through July 30, 2008 |
Year Ended December 31, 2007 |
Year Ended December 31, 2006 |
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| NUMERATOR: |
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| Net income (loss) |
$ | (3,018,637 | ) | $ | 167,554 | $ | 245,990 | $ | 153,072 | ||||
| Effect of dilutive securities: |
|||||||||||||
| None |
| | | | |||||||||
| Numerator for net income (loss) per common share - diluted |
$ | (3,018,637 | ) | $ | 167,554 | $ | 245,990 | $ | 153,072 | ||||
| DENOMINATOR: |
|||||||||||||
| Weighted average common shares |
355,308 | 355,178 | 354,838 | 352,155 | |||||||||
| Effect of dilutive securities: |
|||||||||||||
| Stock options and restricted stock awards |
| 563 | 968 | 107 | |||||||||
| Denominator for net income (loss) per common share - diluted |
355,308 | 355,741 | 355,806 | 352,262 | |||||||||
| Net income (loss) per common share: |
|||||||||||||
| Basic |
$ | (8.50 | ) | $ | .47 | $ | .69 | $ | .43 | ||||
| Diluted |
$ | (8.50 | ) | $ | .47 | $ | .69 | $ | .43 | ||||