EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
(Dollars in thousands, except per share data)
(Dollars in thousands, except per share data)
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
BASIC | ||||||||||||||||
Average shares outstanding | 93,500,491 | 91,688,231 | 93,239,292 | 91,238,444 | ||||||||||||
Net Income | $ | 46,546 | $ | 39,831 | $ | 187,177 | $ | 165,400 | ||||||||
Per share amount | $ | 0.50 | $ | 0.43 | $ | 2.01 | $ | 1.81 | ||||||||
DILUTED | ||||||||||||||||
Average shares outstanding | 93,500,491 | 91,688,231 | 93,239,292 | 91,238,444 | ||||||||||||
Effect of dilutive securities based on the treasury stock method using the average market price if higher than the exercise price | 876,446 | 1,133,113 | 999,121 | 942,569 | ||||||||||||
94,376,937 | 92,821,344 | 94,238,413 | 92,181,013 | |||||||||||||
Net income | $ | 46,546 | $ | 39,831 | $ | 187,177 | $ | 165,400 | ||||||||
Per share amount | $ | 0.49 | $ | 0.43 | $ | 1.99 | $ | 1.79 | ||||||||