EX-11 3 exh11.txt EXHIBIT 11 EXHIBIT 11 ALEXANDER & BALDWIN, INC. COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share amounts) --------------------------------------------------------------------------------------------------
Three Months Ended Nine Months Ended September 30, September 30, 2001 2000 2001 2000 ---- ---- ---- ---- Basic Earnings Per Share ------------------------ Net income $ 17,312 $ 21,354 $ 64,260 $ 76,028 ======== ======== ======== ======== Average number of shares outstanding 40,567 40,439 40,548 41,095 ======== ======== ======== ======== Basic earnings per share $ 0.42 $ 0.53 $ 1.58 $ 1.85 ======== ======== ======== ======== Diluted Earnings Per Share -------------------------- Net income $ 17,312 $ 21,354 $ 64,260 $ 76,028 ======== ======== ======== ======== Average number of shares outstanding 40,567 40,439 40,548 41,095 Effect of assumed exercise of outstanding stock options 208 262 198 70 -------- -------- -------- -------- Average number of shares outstanding after assumed exercise of outstanding stock options 40,775 40,701 40,746 41,165 ======== ======== ======== ======== Diluted earnings per share $ 0.42 $ 0.52 $ 1.58 $ 1.85 ======== ======== ======== ========