EX-11 3 wernexhibit112002.txt WERNER ENTERPRISES, INC. 10K - EXHIBIT 11 EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS ----------------------------------------------- (In thousands, except per share amounts)
2002 2001 2000 ------- ------- ------- Net income $61,627 $47,744 $48,023 ======= ======= ======= Average common shares outstanding 63,764 63,147 62,748 Common stock equivalents (1) 1,453 1,000 262 ------- ------- ------- Diluted shares outstanding 65,217 64,147 63,010 ======= ======= ======= Basic earnings per share $ 0.97 $ 0.76 $ 0.77 ======= ======= ======= Diluted earnings per share $ 0.94 $ 0.74 $ 0.76 ======= ======= =======
(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:
2002 2001 2000 ------- ------- ------- Number of shares under option - 3,333 876,751 Range of option purchase prices N/A $15.38 $11.20 - $15.38