Effect of dilutive securities: Eller put/call option agreement (2,843) (941) Convertible debt 4,905 -- -------- -------- Numerator for net income per common share - diluted $47,052 $40,360 ======== ======== Denominator: Weighted average common shares...
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
In thousands of dollars, except per share data
Nine months ended
September 30,
1998 1997
---- ----
Numerator:
Net income $ 44,990 $41,301
Effect of dilutive securities:
Xxxxx put/call option agreement (2,843) (941)
Convertible debt 4,905 --
-------- --------
Numerator for net income per
common share - diluted $47,052 $40,360
======== ========
Denominator:
Weighted average common shares 231,362 170,448
Effect of dilutive securities:
Employee stock options 4,238 4,545
Xxxxx put/call option agreement 1,995 1,450
Convertible debt 6,222 --
-------- --------
Denominator for net income
per common share - diluted 243,817 176,443
======== ========
Net income per common share:
Basic $ .19 $ .24
======== ========
Diluted $ .19 $ .23
======== ========
