EX-11.1 3 dex111.txt COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11.1 AMERICREDIT CORP. STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (dollars in thousands, except per share amounts)
Three Months Ended Nine Months Ended March 31, March 31, ------------------------- ------------------------- 2001 2000 2001 2000 ------------------------- ------------------------- Weighted average shares outstanding 80,079,906 74,869,550 78,520,489 72,110,495 Incremental shares resulting from assumed exercise of stock options 6,630,080 4,158,357 6,297,229 4,434,448 ------------------------- ------------------------- Weighted average shares and assumed incremental shares 86,709,986 79,027,907 84,817,718 76,544,943 ========================= ========================= NET INCOME $60,430 $32,410 $151,145 $77,343 ========================= ========================= EARNINGS PER SHARE: Basic $0.75 $0.43 $1.92 $1.07 ========================= ========================= Diluted $0.70 $0.41 $1.78 $1.01 ========================= =========================
Basic earnings per share have been computed by dividing net income by weighted average shares outstanding. Diluted earnings per share have been computed by dividing net income by the weighted average shares and assumed incremental shares. Assumed incremental shares were computed using the treasury stock method. The average common stock market price for the period was used to determine the number of incremental shares.