EX-11 3 ex11.txt THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11 - Computation of Earnings per Share (in thousands, except per share data) --------------------------------------------------------------------------------------------------------------------- Fiscal 2000 Fiscal 1999 Fiscal 1998 ------------------------------- ----------------------------- ------------------------------- Earnings Shares Per Earnings Shares Per Earnings Shares Per (Num- (Denom- Share (Num- (Denom- Share (Num- (Denom- Share erator) inator) Amount erator) inator) Amount erator) inator) Amount ------- ------- ------ ------- ------- ------ ------- ------- ------ Basic EPS Earnings available to common stockholders $(53,148) 51,088 $(1.04) $29,303 50,665 $.58 $ 4,974 61,543 $.08 ======= ==== ==== Effect of Dilutive Securities Adjustment for interest on 4% convertible subordinated notes, net of tax - - - - - - Adjustment for interest on 4% zero coupon subordinated notes, net of tax - - - - - - Common Shares assumed issued upon exercise of dilutive stock options - - - 175 - 197 ------- ------ ------- ------ -------- ------ Diluted EPS Earnings available to common stockholders assuming conversion $(53,148) 51,088 $(1.04) $29,303 50,840 $.58 $ 4,974 61,740 $.08 ======== ====== ======= ======= ====== ==== ======= ====== ==== [RESTUBBED TABLE] (Table Restubbed Below) (in thousands, except per share data) ------------------------------------------------------------------------------------------------------ Fiscal 1997 Fiscal 1996 ----------------------------------------------------------------- Earnings Shares Per Earnings Shares Per (Num- (Denom- Share (Num- (Denom- Share erator) inator) Amount erator) inator) Amount ------- ------- ------ ------- ------- ------ Basic EPS Earnings available to common stockholders $ 49,611 61,133 $ .81 $100,824 60,305 $1.67 ===== ==== Effect of Dilutive Securities Adjustment for interest on 4% convertible subordinated notes, net of tax - - 2,168 2,104 Adjustment for interest on 4% zero coupon subordinated notes, net of tax - - 1,409 1,303 Common Shares assumed issued upon exercise of dilutive stock options - 524 - 893 ------- ----- -------- ------ Diluted EPS Earnings available to common stockholders assuming conversion $ 49,611 61,657 $ .80 $104,401 64,605 $1.62 ======== ====== ===== ======= ====== ====