Effect of dilutive securities: Eller put/call option agreement (2,229) (665) Convertible debt 2,453 -- ------------ ----------- Numerator for net income per common share - diluted $ 33,712 $ 22,028 ======== ======== Denominator: Weighted average...
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
In thousands of dollars, except per share data
Six months ended
June 30,
1998 1997
---- ----
Numerator:
Net income $ 33,488 $ 22,693
Effect of dilutive securities:
Xxxxx put/call option agreement (2,229) (665)
Convertible debt 2,453 --
------------ -----------
Numerator for net income per
common share - diluted $ 33,712 $ 22,028
======== ========
Denominator:
Weighted average common shares 111,354 82,196
Effect of dilutive securities:
Employee stock options 2,158 2,128
Xxxxx put/call option agreement 1,021 541
Convertible debt 2,333 --
------------- ------------
Dilutive potential common shares 5,512 2,669
Denominator for net income
per common share - diluted 116,866 84,865
======== ========
Net income per common share:
Basic $ .30 $ .28
======== ========
Diluted $ .29 $ .26
======== ========
