EX-11 2 d51416exv11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS exv11
 

EXHIBIT 11 – COMPUTATION OF EARNINGS PER SHARE
                                 
(In thousands, except per share data)   Nine Months ended September 30,     Three Months ended September 30,  
    2007     2006     2007     2006  
Basic Numerator:
                               
Income before discontinued operations
  $ 549,461     $ 436,610     $ 256,315     $ 169,796  
Income from discontinued operations, net
    68,487       43,563       23,421       16,075  
 
                       
Net income — basic
  $ 617,948     $ 480,173     $ 279,736     $ 185,871  
 
                               
Diluted Numerator:
                               
Income before discontinued operations
  $ 549,461     $ 436,610     $ 256,315     $ 169,796  
Income from discontinued operations, net
    68,487       43,563       23,421       16,075  
 
                       
Net income — diluted
  $ 617,948     $ 480,173     $ 279,736     $ 185,871  
 
                               
Denominator:
                               
Weighted average common shares - basic
    494,261       503,903       494,568       492,714  
Effect of dilutive securities:
                               
Stock options and restricted stock
    1,319       823       1,600       864  
 
                       
Denominator for net income per common share — diluted
    495,580       504,726       496,168       493,578  
 
                               
Net income (loss) per common share:
                               
Income before discontinued operations — basic
  $ 1.11     $ .87     $ .52     $ .34  
Income from discontinued operations, net — basic
    .14       .08       .05       .04  
 
                       
Basic
  $ 1.25     $ .95     $ .57     $ .38  
 
                       
 
                               
Income before discontinued operations — diluted
  $ 1.11     $ .87     $ .52     $ .34  
Income from discontinued operations, net — diluted
    .14       .08       .04       .04  
 
                       
Diluted
  $ 1.25     $ .95     $ .56     $ .38