EX-11.1 3 y06671exv11w1.txt STATEMENT RE COMPUTATIONOF PER SHARE EARNINGS . . . Exhibit 11.1 GENESEE & WYOMING INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE (in thousands, except per share amounts)
For the years ended December 31, 2004 2003 2002 ------- ------- ------- BASIC EARNINGS PER SHARE CALCULATION: Net income available to common stockholders $37,140 $23,193 $20,541 Weighted average number of shares of common stock 24,138 19,991 19,348 Earnings per share - basic $ 1.54 $ 1.16 $ 1.06 DILUTED EARNINGS PER SHARE CALCULATION: Net income available to common stockholders $37,140 $27,449 $24,435 Weighted average number of shares of common stock and common stock equivalents outstanding: Weighted average number of shares of Class A common stock 24,138 19,991 19,348 Common stock equivalents applicable to Mandatorily Redeemable Convertible Preferred Stock - 3,668 3,668 Weighted average number of shares of Class B common stock 2,694 2,708 2,708 Common stock equivalents issuable under stock option plans 590 422 653 ------- ------- ------- Weighted average number of shares of common stock and common stock equivalents - diluted 27,405 26,789 26,377 Earnings per share - diluted $ 1.36 $ 1.03 $ 0.93
All share and per share amounts presented have been restated to reflect the retroactive effect of the three stock splits.