EX-11 9 exh11.txt
THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11 - Computation of Earnings per Share (in thousands, except per share data) --------------------------------------------------------------------------------------------------------------------- Fiscal 2001 Fiscal 2000 Fiscal 1999 ------------------------------- ----------------------------- ------------------------------- 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 Before Extraordinary Items Earnings available to common stockholders $36,100 51,348 $.70 $(53,148) 51,088 $(1.04) $29,303 50,665 $.58 ==== ======= ==== 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 - 687 - - - 175 ------- ------ -------- ------ ------- ------ Diluted EPS Before Extraordinary Items Earnings available to common stockholders assuming conversion $36,100 52,035 $.69 $(53,148) 51,088 $(1.04) $29,303 50,840 $.58 ======= ====== ==== ======== ====== ======= ======= ====== ==== [RESTUBBED TABLE] (Table Restubbed Below) (in thousands, except per share data) ------------------------------------------------------------------------------------------------------ Fiscal 1998 Fiscal 1997 ----------------------------------------------------------------- Earnings Shares Per Earnings Shares Per (Num- (Denom- Share (Num- (Denom- Share erator) inator) Amount erator) inator) Amount ------- ------- ------ ------- ------- ------ Basic EPS Before Extraordinary Items Earnings available to common stockholders $ 4,974 61,543 $ .08 $ 49,611 61,133 $ .81 ===== ===== 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 - 197 - 524 ------- ----- ------- ------ Diluted EPS Before Extraordinary Items Earnings available to common stockholders assuming conversion $ 4,974 61,740 $ .08 $ 49,611 61,657 $ .80 ======== ====== ===== ======== ====== =====