EX-11 2 l21397aexv11.htm EX-11 EX-11
 

Exhibit 11 — COMPUTATION OF PER SHARE EARNINGS
(Dollars in thousands, except per share data)
                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2006     2005     2006     2005  
BASIC
                               
Average shares outstanding
    93,261,154       91,189,208       93,117,090       90,981,208  
Net Income
  $ 74,691     $ 67,334     $ 140,631     $ 125,569  
 
                               
Per share amount
  $ 0.80     $ 0.74     $ 1.51     $ 1.38  
 
                       
 
                               
DILUTED
                               
Average shares outstanding
    93,261,154       91,189,208       93,117,090       90,981,208  
 
                               
Effect of dilutive securities based on the treasury stock method using the average market price if higher than the exercise price
    1,052,516       628,167       1,060,459       847,297  
 
                       
 
    94,313,670       91,817,375       94,177,549       91,828,505  
 
                               
Net income
  $ 74,691     $ 67,334     $ 140,631     $ 125,569  
 
                               
Per share amount
  $ 0.79     $ 0.73     $ 1.49     $ 1.37  
 
                       
The antidilutive stock options outstanding were 531,000 and 3,432,297 at June 30, 2006 and 2005, respectively.