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 (in thousands, except per share data) ---------------------------------- May 4, 2002 May 5, 2001 -------------- -------------- (a) Net earnings .................................... $13,565 $ 9,108 Adjustment for interest on zero coupon convertible subordinated notes, net of income tax effect... - - ------------------------------------------------------------------------------------------- (b) Adjusted net earnings............................ $13,565 $ 9,108 ------------------------------------------------------------------------------------------- (c) Average number of common shares outstanding during the period.............................. 51,445 51,266 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........ 1,163 - ------------------------------------------------------------------------------------------- (d) Average number of common shares assumed outstanding during the period.................. 52,608 51,266 ------------------------------------------------------------------------------------------- Basic Earnings per Share (a/c) $ .26 $ .18 ------------------------------------------------------------------------------------------- Diluted Earnings per Share (b/d) $ .26 $ .18 -------------------------------------------------------------------------------------------