EX-11 2 d38530exv11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS exv11
 

EXHIBIT 11 – COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
                                 
    Six Months Ended June 30,     Three Months Ended June 30,  
    2006     2005     2006     2005  
Basic Numerator:
                               
Income before discontinued operations
  $ 294,302     $ 280,353     $ 197,489     $ 213,235  
Income (loss) from discontinued operations, net
          (11,739 )           7,497  
 
                       
Net income
    294,302       268,614       197,489       220,732  
Diluted Numerator:
                               
 
                               
Effect of dilutive securities — none
                       
Numerator for income before discontinued operations — diluted
  $ 294,302     $ 280,353     $ 197,489     $ 213,235  
Numerator for discontinued operations, net - diluted
          (11,739 )           7,497  
 
                       
Net income — diluted
    294,302       268,614       197,489       220,732  
Denominator:
                               
 
                               
Weighted average common shares — basic
    509,591       551,673       501,136       543,904  
 
                               
Effect of dilutive securities:
                               
Stock options and restricted stock
    801       1,307       924       1,186  
 
                       
Denominator for net income per common share - diluted
    510,392       552,980       502,060       545,090  
 
                               
Net income (loss) per common share:
                               
Income before discontinued operations — basic
  $ .58     $ .51     $ .39     $ .39  
Loss from discontinued operations, net — basic
          (.02 )           .02  
 
                       
Basic
  $ .58     $ .49     $ .39     $ .41  
 
                       
 
                               
Income before discontinued operations - diluted
  $ .58     $ .51     $ .39     $ .39  
Loss from discontinued operations, net - diluted
          (.02 )           .01  
 
                       
Diluted
  $ .58     $ .49     $ .39     $ .40