EX-11 2 0002.txt COMPUTATION OF EARNINGS PER SHARE MGI PROPERTIES PART I - EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE
------------------------------------------------------------------------------------------------------------------------------------ Three Months Ended May 31, Six Months Ended May 31, -------------------------- ------------------------ 2000 1999 2000 1999 BASIC Net income $ 2,866,000 $ 6,797,000 $ 4,043,000 $14,234,000 ==================================================================================================================================== Weighted average number of shares outstanding during the period 13,774,221 13,774,221 13,774,221 13,772,628 ==================================================================================================================================== Basic earnings per share $ 0.21 $ 0.49 $ 0.29 $ 1.03 ==================================================================================================================================== DILUTED EARNINGS PER SHARE Net income $ 2,866,000 $ 6,797,000 $ 4,043,000 $14,234,000 ==================================================================================================================================== Weighted average number of shares outstanding assuming full dilution 15,286,458 14,189,075 15,285,027 14,200,040 ==================================================================================================================================== Diluted earnings per share $ 0.19 $ 0.48 $ 0.26 $ 1.00 ====================================================================================================================================
-15-