EX-11 2 mpk_ex11.htm STATEMENT RE COMPUTATION OF PER SHARE EARNINGS mpk_ex11.htm
 
EXHIBIT 11
 
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
 
The following presents the computation of per share earnings reflecting the assumption that dilutive stock options are exercised.
 
   
(IN THOUSANDS EXCEPT PER SHARE DATA)
  
       
   
2009
    
2008
    
2007
  
                   
Net earnings (1)
   $ 62,576     $ 44,183     $ 38,623  
                         
                         
                         
Weighted average common shares outstanding (2)
     6,854       6,845       6,836  
                         
Common share equivalents relating to stock options
     -       -       -  
                         
Adjusted common and common equivalent
                        
   shares for computation (3)
     6,854       6,845       6,836  
                         
                         
                         
Net earnings per share:
                        
     Basic (1 / 2)
   $ 9.13     $ 6.45     $ 5.65  
     Diluted (1 / 3)
   $ 9.13     $ 6.45     $ 5.65