EX-11 3 gdw1q02exhibit.txt GDW FORM 10-Q 1Q02 EXHIBIT 11 EXHIBIT 11 Golden West Financial Corporation Statement of Computation of Basic and Diluted Earnings Per Share (Dollars in thousands except per share figures)
Three Months Ended March 31 ---------------------------------- 2002 2001 ---------------- ---------------- Income before Cumulative Effect of Accounting Change $ 238,081 $ 176,079 Cumulative effect of accounting change, net of tax -0- (6,018) ---------------- ---------------- Net Earnings $ 238,081 $ 170,061 ================ ================ Weighted Average Shares 155,415,549 158,478,170 Dilutive effect of outstanding common stock equivalents 2,154,801 2,216,727 ---------------- ---------------- Diluted Average Shares Outstanding 157,570,350 160,694,897 ================ ================ Basic Earnings Per Share before Cumulative Effect of Accounting Change $ 1.53 $ 1.11 Cumulative effect of accounting change, net of tax .00 (.04) ---------------- ---------------- Basic Earnings Per Share $ 1.53 $ 1.07 ================ ================ Diluted Earnings Per Share before Cumulative Effect of Accounting Change $ 1.51 $ 1.10 Cumulative effect of accounting change, net of tax .00 (.04) ---------------- ---------------- Diluted Earnings Per Share $ 1.51 $ 1.06 ================ ================