EX-11 2 d41054exv11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS exv11
 

EXHIBIT 11 — COMPUTATION OF EARNINGS PER SHARE
                                 
    Nine Months Ended     Three Months Ended  
    September 30,     September 30,  
(In thousands, except per share data)   2006     2005     2006     2005  
Basic Numerator:
                               
Income before discontinued operations
  $ 480,173     $ 452,183     $ 185,871     $ 171,830  
Income (loss) from discontinued operations, net
          21,906             33,645  
 
                       
Net income
    480,173       474,089       185,871       205,475  
Diluted Numerator:
                               
 
                               
Effect of dilutive securities — none
                       
 
                       
Numerator for income before discontinued operations — diluted
  $ 480,173     $ 452,183     $ 185,871     $ 171,830  
Numerator for discontinued operations, net — diluted
          21,906             33,645  
 
                       
Net income — diluted
    480,173       474,089       185,871       205,475  
Denominator:
                               
 
                               
Weighted average common shares — basic
    503,903       548,464       492,714       542,152  
 
                               
Effect of dilutive securities:
                               
Stock options and restricted stock
    823       1,312       864       1,323  
 
                       
Denominator for net income per common share — diluted
    504,726       549,776       493,578       543,475  
 
                               
Net income (loss) per common share:
                               
Income before discontinued operations — basic
  $ .95     $ .82     $ .38     $ .32  
Loss from discontinued operations, net — basic
          .04             .06  
 
                       
Basic
  $ .95     $ .86     $ .38     $ .38  
 
                       
 
                               
Income before discontinued operations — diluted
  $ .95     $ .82     $ .38     $ .32  
Loss from discontinued operations, net — diluted
          .04             .06  
 
                       
Diluted
  $ .95     $ .86     $ .38     $ .38