EX-11 4 ex11.txt COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11.0 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Years Ended December 31, --------------------- (in thousands, except per share amounts) 2001 2000 -------- ------- Net income $104,467 $24,477 -------- ------- Weighted average common shares outstanding(1) 76,728 42,403 Earnings per common share(1) $ 1.36 $ 0.58 ======== ======= Total weighted average common shares outstanding(1) 76,728 42,403 Additional dilutive shares using ending value for the period when utilizing the Treasury stock method regarding stock options(1) 1,327 1,543 -------- ------- Total shares for fully diluted earnings per share(1) 78,055 43,946 Fully diluted earnings per common share and common share equivalents(1) $ 1.34 $ 0.56 ======== ======= (1) Amounts for 2000 have been adjusted to reflect 3-for-2 stock splits on March 29 and September 20, 2001.