EX-11 4 dex11.htm COMPUTATION OF PER SHARE EARNINGS Computation of Per Share Earnings

 

Exhibit 11

 

Computation of Diluted Earnings Per Share (Unaudited)

 

    

Year ended December 31

    

2002

   

2001

     

2000

    

(In Millions, Except Share and

Per Share Data)

Earnings:

                       

Net income (loss)

   

$

65.8

   

$

(337.7

)

   

$

110.6

Shares:

                       

Weighted average number of

                       

Shares of common stock outstanding

   

 

33,468

   

 

31,052

 

   

 

30,439

Weighted average additional shares

                       

Assuming conversion of stock options (1)

   

 

875

   

 

—  

 

   

 

1,137

    
  
  

Shares—diluted basis

   

 

34,343

   

 

31,052

 

   

 

31,576

Diluted earnings (loss) per share

   

$

1.92

   

$

(10.86

)

   

$

3.50

(1)   The weighted average additional shares of 77.0 thousand for the year ended December 30, 2001, assuming conversion of stock options, were not included in the computation of diluted earnings per share because to do so would have had an antidilutive effect on the computation.