EX-11 2 d59469exv11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS exv11
Exhibit 11
EXHIBIT 11 — COMPUTATION OF EARNINGS PER SHARE
                                 
    Six Months ended June 30,     Three Months ended June 30,  
(In thousands, except per share data)   2008     2007     2008     2007  
Basic Numerator:
                               
Income before discontinued operations
  $ 438,686     $ 311,026     $ 277,295     $ 215,893  
Income from discontinued operations, net
    643,294       27,186       5,032       20,097  
 
                       
Net income — basic
  $ 1,081,980     $ 338,212     $ 282,327     $ 235,990  
 
                               
Diluted Numerator:
                               
Income before discontinued operations
  $ 438,686     $ 311,026     $ 277,295     $ 215,893  
Income from discontinued operations, net
    643,294       27,186       5,032       20,097  
 
                       
Net income — diluted
  $ 1,081,980     $ 338,212     $ 282,327     $ 235,990  
 
                               
Denominator:
                               
Weighted average common shares - basic
    494,975       494,105       495,201       494,364  
Effect of dilutive securities:
                               
Stock options and restricted stock
    1,662       1,175       1,686       1,324  
 
                       
Denominator for net income per common share — diluted
    496,637       495,280       496,887       495,688  
 
                               
Net income (loss) per common share:
                               
Income before discontinued operations — basic
  $ .89     $ .63     $ .56     $ .44  
Income from discontinued operations, net — basic
    1.30       .05       .01       .04  
 
                       
Basic
  $ 2.19     $ .68     $ .57     $ .48  
 
                       
 
                               
Income before discontinued operations — diluted
  $ .88     $ .63     $ .56     $ .44  
Income from discontinued operations, net — diluted
    1.30       .05       .01       .04  
 
                       
Diluted
  $ 2.18     $ .68     $ .57     $ .48