EX-11 4 exh11.txt THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11 COMPUTATION OF NET EARNINGS PER SHARE (in thousands, except per share data) (UNAUDITED)
-------------------------------------------------------------------------------------------------------------------------------- Thirteen weeks ended Twenty-six weeks ended ---------------------------------- ---------------------------------- August 4, 2001 July 29, 2000 August 4, 2001 July 29, 2000 --------------- ------------- -------------- ------------- (a) Net earnings before extraordinary item........... $12,285 $ 3,409 $21,393 $ 7,816 Adjustment for interest on zero coupon convertible subordinated notes, net of income tax effect... - - - - --------------------------------------------------------------------------------------------------------------------------------- (b) Adjusted net earnings before extraordinary item $12,285 $ 3,409 $21,393 $ 7,816 --------------------------------------------------------------------------------------------------------------------------------- (c) Average number of common shares outstanding during the period.............................. 51,344 51,055 51,305 51,026 Common shares assumed issued upon conversion of zero coupon convertible subordinated notes..... - - - - Common shares assumed issued upon exercise of dilutive stock options, net of assumed repurchase, at the average market price........ 689 20 344 12 --------------------------------------------------------------------------------------------------------------------------------- (d) Average number of common shares assumed outstanding during the period.................. 52,033 51,075 51,649 51,038 --------------------------------------------------------------------------------------------------------------------------------- Basic Earnings per Share: Before Extraordinary item (a/c).................. $ .24 $ .07 $ .42 $ .15 Extraordinary item............................... - .02 - .06 ---------------------------------------------------------------------------------------------------------------------------------- Basic Earnings per Share $ .24 $ .09 $ .42 $ .21 ---------------------------------------------------------------------------------------------------------------------------------- Diluted Earnings per Share: Before Extraordinary item (b/d).................. $ .24 $ .07 $ .42 $ .15 Extraordinary item............................... - .02 - .06 ---------------------------------------------------------------------------------------------------------------------------------- Diluted Earnings per Share $ .24 $ .09 $ .42 $ .21 ----------------------------------------------------------------------------------------------------------------------------------