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Legalese | ||
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accrual, Africa, amendment, anticipate, appealed, beginning, carried, choose, comprised, conform, customary, declined, defendant, eliminate, existing, facilitate, FASB, favorably, February, FIN, fully, Interpretation, IRS, literature, measurement, nonvested, November, prevalent, rating, reclassified, record, reflect, reinstate, reserve, resolve, restructured, restructuring, Service, SUMMARY, threshold, underlying
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Exhibit 11
EXHIBIT 11 – COMPUTATION OF EARNINGS PER SHARE
(In thousands of dollars, except per share data) | Three Months Ended March 31, | |||||
2008 | 2007 | |||||
Numerator: | ||||||
Net income | $ | 88,906 | $ | 16,084 | ||
Effect of dilutive securities – none | — | — | ||||
Numerator for net income per common share – diluted | $ | 88,906 | $ | 16,084 | ||
Denominator: | ||||||
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: | ||||||
Basic | $ | .25 | $ | .05 | ||
Diluted | $ | .25 | $ | .05 | ||