EX-11 3 wernexhibit112001.txt WERNER ENTERPRISES, INC. 10K-EXHIBIT 11 12/31/01 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS ---------------------------------------------- (In thousands, except per share amounts)
2001 2000 1999 ------- ------- ------- Net income $47,744 $48,023 $60,011 ======= ======= ======= Average common shares outstanding 63,147 62,748 63,207 Common stock equivalents (1) 1,000 262 301 ------- ------- ------- Diluted shares outstanding 64,147 63,010 63,508 ======= ======= ======= Basic earnings per share $0.76 $0.77 $0.95 ======= ======= ======= Diluted earnings per share $0.74 $0.76 $0.94 ======= ======= =======
(1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented. Options to purchase shares of common stock which were outstanding during the periods indicated above, but were excluded from the computation of diluted earnings per share because the option purchase price was greater than the average market price of the common shares, were:
2001 2000 1999 ------- ------- ------- Number of shares under option 3,333 876,751 10,000 Range of option purchase prices $15.38 $11.20 - $15.38 $14.34 - $15.38