EX-11 4 0004.txt COMPUTATION OF NET INCOME PER SHARE CRANE CO. AND SUBSIDIARIES Exhibit 11 to FORM 10-K Annual Report for the Year Ended December 31, 2000 Computation of Net Income Per Share* (In Thousands Except Per Share Data)
2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Basic ----- Income from continuing operations $123,729 $100,898 $124,842 $103,716 $79,822 Income from discontinued operations - 13,672 13,596 9,055 12,288 -------- -------- -------- -------- ------- Net income $123,729 $114,570 $138,438 $112,771 $92,110 ======== ======== ======== ======== ======= Income from continuing operations $ 2.03 $ 1.51 $ 1.82 $ 1.51 $ 1.17 Income from discontinued operations - .20 .20 .13 .18 -------- -------- -------- -------- ------- Net income per share $ 2.03 $ 1.71 $ 2.02 $ 1.64 $ 1.35 ======== ======== ======== ======== ======= Weighted average number of basic shares 60,919 66,981 68,555 68,565 68,034 Diluted ------- Income from continuing operations $123,729 $100,898 $124,842 $103,716 $ 79,822 Income from discontinued operations - 13,672 13,596 9,055 12,288 -------- -------- -------- -------- -------- Net income $123,729 $114,570 $138,438 $112,771 $ 92,110 ======== ======== ======== ======== ======== Income from continuing operations $ 2.02 $ 1.50 $ 1.80 $ 1.50 $ 1.16 Income from discontinued operations - .20 .20 .13 .18 -------- -------- -------- -------- -------- Net income per share $ 2.02 $ 1.70 $ 2.00 $ 1.63 $ 1.34 ======== ======== ======== ======== ======== Weighted average number of basic shares 60,919 66,981 68,555 68,565 68,034 Add: Adjustment to basic shares for dilutive stock options 480 479 813 819 566 -------- ------ ------ ------ ------- Total weighted average number of shares 61,399 67,460 69,368 69,384 68,600 ======== ====== ====== ====== =======
*All share and per share data have been retroactively restated to reflect the three-for-two splits of common stock effected in the form of a 50% stock dividend in 1998 and 1996.