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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, | ||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Numerator: | ||||||||||||||||
Net income | $ | 84,681 | $ | 56,180 | $ | 68,597 | $ | 48,047 | ||||||||
Effect of dilutive securities — none | — | — | — | — | ||||||||||||
Numerator for net income per common share — diluted | $ | 84,681 | $ | 56,180 | $ | 68,597 | $ | 48,047 | ||||||||
Denominator: | ||||||||||||||||
Weighted average common shares | 354,740 | 350,001 | 354,876 | 350,002 | ||||||||||||
Effect of dilutive securities | 989 | 1 | 1,075 | 1 | ||||||||||||
Denominator for net income per common share — diluted | 355,729 | 350,002 | 355,951 | 350,003 | ||||||||||||
Net income per common share: | ||||||||||||||||
Basic | $ | .24 | $ | .16 | $ | .19 | $ | .14 | ||||||||
Diluted | $ | .24 | $ | .16 | $ | .19 | $ | .14 | ||||||||