EX-11 2 d48959exv11.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,  
    2007     2006     2007     2006  
Basic Numerator:
                               
Income before discontinued operations
  $ 302,399     $ 262,857     $ 208,761     $ 172,568  
Income from discontinued operations, net
    35,813       31,445       27,229       24,920  
 
                       
Net income — basic
  $ 338,212     $ 294,302     $ 235,990     $ 197,488  
 
                               
Diluted Numerator:
                               
Income before discontinued operations
  $ 302,399     $ 262,857     $ 208,761     $ 172,568  
Income from discontinued operations, net
    35,813       31,445       27,229       24,920  
 
                       
Net income — diluted
  $ 338,212     $ 294,302     $ 235,990     $ 197,488  
 
                               
Denominator:
                               
Weighted average common shares — basic
    494,105       509,591       494,364       501,136  
Effect of dilutive securities:
                               
Stock options and restricted stock
    1,175       801       1,324       924  
 
                       
Denominator for net income per common share — diluted
    495,280       510,392       495,688       502,060  
 
                               
Net income (loss) per common share:
                               
Income before discontinued operations — basic
  $ .61     $ .52     $ .42     $ .34  
Income from discontinued operations, net — basic
    .07       .06       .06       .05  
 
                       
Basic
  $ .68     $ .58     $ .48     $ .39  
 
                       
 
                               
Income before discontinued operations — diluted
  $ .61     $ .52     $ .42     $ .34  
Income from discontinued operations, net — diluted
    .07       .06       .06       .05  
 
                       
Diluted
  $ .68     $ .58     $ .48     $ .39