EX-11 3 dex11.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, 2001 Computation of Net Income Per Share (In Thousands, Except Per Share Data)
Basic 2001 2000 1999 1998 1997 * ----- ---- ---- ---- ---- ------ Income from continuing operations $88,620 $123,729 $100,898 $124,842 $103,716 Income from discontinued operations - - 13,672 13,596 9,055 ------- -------- -------- -------- -------- Net income $88,620 $123,729 $114,570 $138,438 $112,771 ======= ======== ======== ======== ======== Income from continuing operations $ 1.48 $ 2.03 $ 1.51 $ 1.82 $ 1.51 Income from discontinued operations - - .20 .20 .13 ------- -------- -------- -------- -------- Net income per share $ 1.48 $ 2.03 $ 1.71 $ 2.02 $ 1.64 ======== ======== ======== ======== ======== Weighted average number of basic shares 59,825 60,919 66,981 68,555 68,565 Diluted ------- Income from continuing operations $88,620 $123,729 $100,898 $124,842 $103,716 Income from discontinued operations - - 13,672 13,596 9,055 ------- -------- -------- -------- -------- Net income $88,620 $123,729 $114,570 $138,438 $112,771 ======= ======== ======== ======== ======== Income from continuing operations $ 1.47 $ 2.02 $ 1.50 $ 1.80 $ 1.50 Income from discontinued operations - - .20 .20 .13 ------- -------- -------- -------- -------- Net income per share $ 1.47 $ 2.02 $ 1.70 $ 2.00 $ 1.63 ======= ======== ======== ======== ======== Weighted average number of basic shares 59,825 60,919 66,981 68,555 68,565 Add: Adjustment to basic shares for dilutive stock options 530 480 479 813 819 ------- -------- -------- -------- -------- Total weighted average number of shares 60,355 61,399 67,460 69,368 69,384 ======= ======== ======== ======== ========
* 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.