EX-11 2 exhibit11.htm EXHIBIT 11 Exhibit 11

Exhibit 11


Earnings Per Share Calculations
(in thousands, except per share amounts)

 
Fiscal Year Ended
 
Dec 31,
 
Dec 31,
 
Dec 31,
 
2004
 
2003
 
2002
 
Basic:                                
 
 
 
 
 
 
Net Income
 $ 91,534
 
 $ 81,730
 
 $ 66,612
 
Weighted average shares outstanding
14,107
 
14,428
 
15,104
 
Basic earnings per common share
 $     6.49
 
 $     5.66
 
 $     4.41
 
Diluted:
           
Net income
$ 91,534
 
$ 81,730
 
$ 66,612
 
Weighted average shares outstanding
14,107
 
14,428
 
15,104
 
Dilutive effect of stock options
141
 
167
 
140
 
Dilutive effect of deferred stock
159
 
230
 
261
 
Diluted weighted average shares outstanding
14,407
 
14,825
 
15,505
 
Diluted earnings per Common Share
$     6.35
 
$     5.51
 
$     4.30