EX-11 1 gdw1q01exhibit.txt STATEMENT RE: COMPUTATINO OF PER SHARE EARNINGS EXHIBIT 11 Golden West Financial Corporation Statement of Computation of Basic and Diluted Earnings Per Share (Dollars in thousands except per share figures)
March 31 ----------------------------- 2001 2000 ------------- ------------- Income before Cumulative Effect of Accounting Change $ 176,079 $ 125,934 Cumulative effect of accounting change, net of tax (6,018) -0- ------------- ------------- Net Earnings $ 170,061 $ 125,934 ============= ============= Weighted Average Shares 158,478,170 159,958,610 Add: Options outstanding at period end 6,121,905 5,589,129 Less: Shares assumed purchased back with proceeds of options exercised 3,905,178 4,715,964 ------------- ------------- Diluted Average Shares Outstanding 160,694,897 160,831,775 ============= ============= Basic Earnings Per Share before Cumulative Effect of Accounting Change $ 1 .11 $ .79 Cumulative effect of accounting change, net of tax (.04) .00 ------------- ------------- Basic Earnings Per Share $ 1.07 $ .79 ============= ============= Diluted Earnings Per Share before Cumulative Effect of Accounting Change $ 1.10 $ .78 Cumulative effect of accounting change, net of tax (.04) .00 ------------- ------------- Diluted Earnings Per Share $ 1.06 $ .78 ============= =============