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