EX-11 3 wernexhibit112003.txt WERNER ENTERPRISES, INC. 10K EXHIBIT 11 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS ---------------------------------------------- (In thousands, except per share amounts)
2003 2002 2001 ------- ------- ------- Net income $73,727 $61,627 $47,744 ======= ======= ======= Average common shares outstanding 79,828 79,705 78,933 Common stock equivalents (1) 1,840 1,817 1,250 ------- ------- ------- Diluted shares outstanding 81,668 81,522 80,183 ======= ======= ======= Basic earnings per share $ 0.92 $ 0.77 $ 0.60 ======= ======= ======= Diluted earnings per share $ 0.90 $ 0.76 $ 0.60 ======= ======= =======
(1) Common stock equivalents represent the dilutive effect of outstanding stock options for all periods presented. There were no options to purchase shares of common stock which were outstanding during the periods indicated above, but 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.