EX-11 2 ex11.txt Exhibit 11 ENGINEERED SUPPORT SYSTEMS, INC. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (in thousands, except per share amounts)
Three Months Ended Nine Months Ended July 31 July 31 -------------------- -------------------- 2005 2004 2005 2004 ---- ---- ---- ---- NET INCOME: Continuing operations $ 22,564 $ 20,506 $ 63,268 $ 54,572 Discontinued operations (1,048) -------- -------- -------- -------- $ 22,564 $ 20,506 $ 62,220 $ 54,572 ======== ======== ======== ======== BASIC EARNINGS PER SHARE: Average basic shares outstanding 41,717 39,518 41,161 38,666 ======== ======== ======== ======== Continuing operations $ 0.54 $ 0.52 $ 1.54 $ 1.41 Discontinued operations (0.03) -------- -------- -------- -------- Total $ 0.54 $ 0.52 $ 1.51 $ 1.41 ======== ======== ======== ======== DILUTED EARNINGS PER SHARE: Average basic shares outstanding 41,717 39,518 41,161 38,666 Net effect of dilutive stock options (1) 1,662 2,581 1,907 3,063 -------- -------- -------- -------- Total 43,379 42,099 43,068 41,729 ======== ======== ======== ======== Continuing operations $ 0.52 $ 0.49 $ 1.47 $ 1.31 Discontinued operations (0.03) -------- -------- -------- -------- Total $ 0.52 $ 0.49 $ 1.44 $ 1.31 ======== ======== ======== ======== (1) Based on the treasury stock method.