EX-11 4 dex11.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Statement Re: 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)    2003

   2002

   2001

Net income

   $ 323,371    $ 229,230    $ 104,467
    

  

  

Weighted average common shares outstanding

     189,827      180,894      136,405

Earnings per common share

     $1.70      $1.27      $0.77
    

  

  

Total weighted average common shares outstanding

     189,827      180,894      136,405

Additional dilutive shares using ending value for the period when utilizing the Treasury stock method regarding stock options and BONUSES Units

     6,476      2,332      2,359
    

  

  

Total shares for fully diluted earnings per share

     196,303      183,226      138,764

Fully diluted earnings per common share and common share equivalents

     $1.65      $1.25      $0.75