EX-11.1 3 0003.txt EPS Exhibit 11.1 COUNTRYWIDE CREDIT INDUSTRIES, INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Three Months Ended May 31, 2000 1999 ----------------- -- ---------------- (Amounts in thousands, except per share data) Basic Net earnings applicable to common stock $83,459 $103,379 ================ ================= Average shares outstanding 113,792 112,751 ================ ================= Per share amount $0.73 $0.92 ================ ================= Diluted Net earnings applicable to common stock $83,459 $103,379 ================ ================= Average shares outstanding 113,792 112,751 Net effect of dilutive stock options -- based on the treasury stock method using the average market price. 2,316 4,762 ---------------- ----------------- Total average shares 116,108 117,513 ================ ================= Per share amount $0.72 $0.88 ================ =================