EX-11 4 earningspersharecalculation.htm EXHIBIT 11 Exhibit 11
Exhibit 11


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

 
Fiscal Year Ended
 
   December 31,
  
   December 31,
  
  December 31,
 
          2005
  
         2004
  
           2003
           
Basic:
          
 
 
 
 
 
 
Net Income
 $100,785
 
 $91,534
 
 $81,730
           
Weighted average shares outstanding
14,302
 
14,107
 
14,428
           
Basic earnings per common share
 $      7.05
 
 $    6.49
 
 $    5.66
           
Diluted:
          
           
Net income
$100,785
 
$91,534
 
$81,730
           
Weighted average shares outstanding
14,302
  
14,107
  
14,428
           
Dilutive effect of stock options
119
 
141
 
167
           
Dilutive effect of deferred stock
118
 
159
 
230
           
Diluted weighted average shares outstanding
14,539
  
14,407
  
14,825
           
Diluted earnings per Common Share
 $    6.93
 
 $    6.35
 
 $    5.51