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EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Year Ended December 31, | ||||||||||||
2010 | 2009 | 2008 | ||||||||||
(In thousands, except per share amounts) | ||||||||||||
Basic Earnings per Share | ||||||||||||
Average shares outstanding | 83,425 | 83,295 | 82,589 | |||||||||
Income available to common shareholders | $ | 22,942 | $ | 82,729 | $ | 120,411 | ||||||
Basic earnings per share | $ | 0.28 | $ | 0.99 | $ | 1.46 | ||||||
Diluted Earnings per Share | ||||||||||||
Average common shares outstanding | 83,425 | 83,295 | 82,589 | |||||||||
Effect of dilutive stock options | 90 | 135 | 204 | |||||||||
Average diluted shares outstanding | 83,515 | 83,430 | 82,793 | |||||||||
Income available to common shareholders | $ | 22,942 | $ | 82,729 | $ | 120,411 | ||||||
Diluted earnings per share | $ | 0.27 | $ | 0.99 | $ | 1.45 | ||||||
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