EX-11 2 0002.txt COMPUTATION OF EPS Exhibit 11.1 COUNTRYWIDE CREDIT INDUSTRIES, INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Nine Months Ended November 30, 2000 1999 ----------------- -- ---------------- (Amounts in thousands, except per share data) Basic Net earnings applicable to common stock $269,907 $310,446 ================ ================= Average shares outstanding 114,359 112,992 ================ ================= Per share amount $2.36 $2.75 ================ ================= Diluted Net earnings applicable to common stock $269,907 $310,446 ================ ================= Average shares outstanding 114,359 112,992 Net effect of dilutive stock options -- based on the treasury stock method using the average market price. 3,635 4,053 ---------------- ----------------- Total average shares 117,994 117,045 ================ ================= Per share amount $2.29 $2.65 ================ =================