EX-11.1 2 0002.txt COMPUTATION OF NET EARNINGS PER SHARE 1 EXHIBIT 11.1 PAYLESS SHOESOURCE, INC. COMPUTATION OF NET EARNINGS PER SHARE
13 Weeks Ended ------------------ April 29, May 1, (Thousands, except per share) 2000 1999 -------- -------- Basic Computation: ----------------- Net earnings $ 25,467 $ 35,270 Weighted average common shares outstanding 28,449 32,255 -------- -------- Basic earnings per share $ 0.90 $ 1.09 ======== ======== Diluted Computation: ------------------- Net earnings $ 25,467 $ 35,270 Weighted average common shares outstanding 28,449 32,255 Net effect of dilutive stock options based on the treasury stock method 107 174 -------- -------- Outstanding shares for diluted earnings per share 28,556 32,429 ======== ======== Diluted earnings per share $ 0.89 $ 1.09 ======== ========
Note: Basic earnings per share is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share includes the effect of conversions of options.