EX-11 6 file003.txt EXHIBIT 11 EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS, EXCEPT PER SHARE DATA) Year Ended ---------------------------------------------------------------------------------------- Dec. 31, Dec. 26, Dec. 27, 2000 1999 1998 -------- -------- -------- Income from continuing operations $314,363 $339,939 $305,631 Less dividends on preferred stock 11,351 14,075 14,040 -------- -------- -------- Income from continuing operations attributable to common stock $303,012 $325,864 $291,591 ======== ======== ======== Average shares outstanding (basic) 75,370 80,025 78,882 -------- -------- -------- Effect of dilutive securities: Convertible preferred stock 12,597 15,948 17,549 Stock options 1,138 1,487 1,745 -------- -------- -------- Average shares outstanding (diluted) 89,105 97,460 98,176 ======== ======== ======== Earnings per share from continuing operations (basic) $ 4.02 $ 4.07 $ 3.70 ======== ======== ======== Earnings per share from continuing operations (diluted) $ 3.53 $ 3.49 $ 3.11 ======== ======== ========