Management Statement
Auditors’ Report to Shareholders
Consolidated Balance Sheets
Consolidated Statements
of Income
Consolidated Statements of Changes in Shareholders’ Equity
Consolidated Statements
of Cash Flows
Notes to Consolidated
Financial Statements
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Three-Year Review

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Years ended December 31, 2005 and 2004 (in thousands of dollars, except per share amounts)

20. EARNINGS PER SHARE:
2005
2004
Net income
$ 103,353
$ 68,490
Weighted average number of common shares outstanding
68,025,907
67,687,706
Basic earnings per share
$ 1.52
$ 1.01
Diluted weighted average number of common shares outstanding
68,649,533
68,398,816
Diluted earnings per share
$ 1.51
$ 1.00