EX-11 2 presto115346_ex11.htm COMPUTATION OF EARNINGS PER SHARE

National Presto Industries, Inc.

Exhibit 11

(IN THOUSANDS EXCEPT PER SHARE DATA)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

First Nine Months

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings (1)

 

$

12,386

 

$

13,213

 

$

34,566

 

$

41,387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,872

 

 

6,863

 

 

6,870

 

 

6,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options when dilutive

 

 

3

 

 

2

 

 

3

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent
shares for computation (3)

 

 

6,875

 

 

6,865

 

 

6,873

 

 

6,862

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (1 divided by 2)

 

$

1.80

 

$

1.93

 

$

5.03

 

$

6.03

 

Diluted (1 divided by 3)

 

$

1.80

 

$

1.92

 

$

5.03

 

$

6.03

 

20