EX-11 3 0003.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11
ALEXANDER & BALDWIN, INC. COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share amounts) ------------------------------------------------------------------------------- Three Months Ended Six Months Ended June 30 June 30 2000 1999 2000 1999 ---- ---- ---- ---- Basic Earnings Per Share ------------------------ Net income $ 28,243 $ 23,249 $ 54,674 $ 39,087 ======== ======== ======== ======== Average number of shares outstanding 40,722 43,318 41,427 43,438 ======== ======== ======== ======== Basic earnings per share $ 0.69 $ 0.54 $ 1.32 $ 0.90 ======== ======== ======== ======== Diluted Earnings Per Share -------------------------- Net income $ 28,243 $ 23,249 $ 54,674 $ 39,087 ======== ======== ======== ======== Average number of shares outstanding 40,722 43,318 41,427 43,438 Effect of assumed exercise of outstanding stock options 37 12 12 2 -------- -------- -------- -------- Average number of shares outstanding after assumed exercise of outstanding stock options 40,759 43,330 41,439 43,440 ======== ======== ======== ======== Diluted earnings per share $ 0.69 $ 0.54 $ 1.32 $ 0.90 ======== ======== ======== ========