EX-11 15 exh11_10k.txt FORM 10-K, EARNINGS PER-SHARE, EXHIBIT 11 EXHIBIT 11 ALEXANDER & BALDWIN, INC. COMPUTATION OF EARNINGS PER SHARE FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998 (In thousands, except per share amounts)
2000 1999 1998 ---- ---- ---- Basic Earnings Per Share ------------------------ Net income $ 90,574 $ 62,579 $ 25,142 ========= ========= ========= Average number of shares outstanding 40,898 43,206 44,760 ========= ========= ========= Basic earnings per share $ 2.21 $ 1.45 $ 0.56 ========= ========= ========= Diluted Earnings Per Share -------------------------- Net income $ 90,574 $ 62,579 $ 25,142 ========= ========= ========= Average number of shares outstanding 40,898 43,206 44,760 Effect of assumed exercise of outstanding stock options 109 30 75 --------- --------- --------- Average number of shares outstanding after assumed exercise of outstanding stock options 41,007 43,236 44,835 ========= ========= ========= Diluted earnings per share $ 2.21 $ 1.45 $ 0.56 ========= ========= =========