Three
months ended June 30,
|
Six
months ended June 30,
|
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2009
|
2008*
|
2009
|
2008*
|
|||||||||||||
(Dollars,
except per share amounts, and
shares in thousands)
|
||||||||||||||||
Income
(Numerator):
|
||||||||||||||||
Net
income attributable to CenturyTel, Inc.
|
$ | 69,030 | 92,167 |
136,184
|
180,927 | |||||||||||
Dividends
applicable to preferred stock
|
(3 | ) | (62 | ) | (6 | ) | (149 | ) | ||||||||
Earnings applicable to unvested restricted
stock
|
(1,038 | ) | (1,092 | ) | (1,906 | ) | (1,892 | ) | ||||||||
Net
income applicable to common stock for computing basic
earnings per share
|
67,989 | 91,013 | 134,272 | 178,886 | ||||||||||||
Dividends applicable to preferred
stock
|
3 | 62 | 6 | 149 | ||||||||||||
Net
income as adjusted for purposes of computing diluted earnings
per share
|
$ | 67,992 | 91,075 | 134,278 | 179,035 | |||||||||||
Shares
(Denominator):
|
||||||||||||||||
Weighted
average number of shares:
|
||||||||||||||||
Outstanding during period
|
100,931 | 104,886 | 100,679 | 106,001 | ||||||||||||
Nonvested
restricted stock
|
(1,517 | ) | (1,242 | ) | (1,409 | ) | (1,108 | ) | ||||||||
Weighted
average number of shares outstanding during period for computing
basic earnings per share
|
99,414 | 103,644 | 99,270 | 104,893 | ||||||||||||
Incremental
common shares attributable to dilutive
securities:
|
||||||||||||||||
Shares issuable under convertible securities
|
13 | 269 | 13 | 325 | ||||||||||||
Shares issuable
under incentive compensation plans
|
23 | 86 | 14 | 119 | ||||||||||||
Number
of shares as adjusted for purposes of computing diluted
earnings per share
|
99,450 | 103,999 | 99,297 | 105,337 | ||||||||||||
Basic earnings per share
|
$ | .68 | .88 | 1.35 | 1.71 | |||||||||||
Diluted earnings per share
|
$ | .68 | .88 | 1.35 | 1.70 |