EX-11 4 exh11.htm EXHIBIT 11 Unassociated Document

Exhibit 11
CenturyTel, Inc.
COMPUTATIONS OF EARNINGS PER SHARE
(UNAUDITED)
 
 
   
Three months
  
   
ended March 31,
  
   
2009
      
2008*
  
   
(Dollars, except per share amounts,
and shares in thousands)
  
               
               
Income (Numerator):
              
Net income attributable to CenturyTel, Inc.
   $ 67,154       88,760  
Dividends applicable to preferred stock
     (3 )     (87 )
Earnings applicable to unvested restricted stock
     (870 )     (807 )
                 
Net income applicable to common stock for computing basic earnings per share
     66,281       87,866  
Dividends applicable to preferred stock
     3       87  
                 
Net income as adjusted for purposes of computing diluted earnings per share
   $ 66,284       87,953  
                 
Shares (Denominator):
                
Weighted average number of shares:
                
     Outstanding during period
     100,427       107,116  
     Nonvested restricted stock
     (1,301 )     (974 )
                 
Weighted average number of shares outstanding during period for computing basic earnings per share
     99,126       106,142  
                 
Incremental common shares attributable to dilutive securities:
                
     Shares issuable under convertible securities
     13       380  
     Shares issuable under incentive compensation plans
     5       153  
                 
Number of shares as adjusted for purposes of computing diluted earnings per share
     99,144       106,675  
                 
Basic earnings per share
   $ .67       .83  
                 
Diluted earnings per share
   $ .67       .82  
 
*  The provisions of FSP EITF 03-6-1 have been retrospectively applied to the 2008 information.