EX-11 2 ex11.txt EXHIBIT 11 1 EXHIBIT 11 FIDELITY NATIONAL FINANCIAL, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share amounts)
Three months ended Six months ended June 30, June 30, -------------------- -------------------- 2000 1999 2000 1999 ------- ------- ------- ------- Net earnings, basic basis $31,371 $23,741 $33,240 $43,508 Plus: Impact of assumed conversion of the LYONs, net of applicable income taxes -- -- -- 263 ------- ------- ------- ------- Diluted earnings $31,371 $23,741 $33,240 $43,771 ======= ======= ======= ======= Weighted average shares outstanding during the period, basic basis 66,846 30,423 49,559 30,594 Plus: Common stock equivalent shares assumed from conversion of options 2,020 1,365 1,588 1,196 Common stock equivalent shares assumed from conversion of LYONs -- -- -- 712 ------- ------- ------- ------- Weighted average shares outstanding during the period, diluted basis 68,866 31,788 51,147 32,502 ======= ======= ======= ======= Basic earnings per share $ 0.47 $ 0.78 $ 0.67 $ 1.42 ======= ======= ======= ======= Diluted earnings per share $ 0.46 $ 0.75 $ 0.65 $ 1.35 ======= ======= ======= =======