Exhibit 11 — COMPUTATION OF PER SHARE EARNINGS
(Dollars in thousands, except per share data)
(Dollars in thousands, except per share data)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
BASIC | ||||||||||||||||
Average shares outstanding | 93,261,154 | 91,189,208 | 93,117,090 | 90,981,208 | ||||||||||||
Net Income | $ | 74,691 | $ | 67,334 | $ | 140,631 | $ | 125,569 | ||||||||
Per share amount | $ | 0.80 | $ | 0.74 | $ | 1.51 | $ | 1.38 | ||||||||
DILUTED | ||||||||||||||||
Average shares outstanding | 93,261,154 | 91,189,208 | 93,117,090 | 90,981,208 | ||||||||||||
Effect of dilutive securities based on the treasury stock method using the average market price if higher than the exercise price | 1,052,516 | 628,167 | 1,060,459 | 847,297 | ||||||||||||
94,313,670 | 91,817,375 | 94,177,549 | 91,828,505 | |||||||||||||
Net income | $ | 74,691 | $ | 67,334 | $ | 140,631 | $ | 125,569 | ||||||||
Per share amount | $ | 0.79 | $ | 0.73 | $ | 1.49 | $ | 1.37 | ||||||||
The antidilutive stock options outstanding were 531,000 and 3,432,297 at June 30, 2006 and 2005, respectively.