EX-11 3 dex11.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Horace Mann Educators Corporation Computation of Net Income (Loss) per Share For the Three and Six Months Ended June 30, 2001 and 2000 (Amounts in thousands, except per share data)
Three Months Ended Six Months Ended June 30, June 30, ------------------------ --------------------- 2001 2000 2001 2000 ---- ---- ---- ---- Basic - assumes no dilution: Net income (loss) for the period $ (4,926) $ 9,682 $11,772 $22,408 --------- -------- ------- ------- Weighted average number of common shares outstanding during the period 40,554 40,913 40,539 41,034 --------- -------- ------- ------- Net income (loss) per share - basic $ (0.12) $ 0.24 $ 0.29 $ 0.55 ========= ======== ======= ======= Diluted - assumes full dilution: Net income (loss) for the period $ (4,926) $ 9,682 $11,772 $22,408 --------- -------- ------- ------- Weighted average number of common shares outstanding during the period 40,554 40,913 40,539 41,034 Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: Stock options 189 67 130 79 Common stock units related to Deferred Equity Compensation Plan for Directors 117 97 117 97 Common stock units related to Deferred Compensation Plan for Employees 14 8 14 8 --------- -------- ------- ------- Total common and common equivalent shares adjusted to calculate diluted earnings per share 40,874 41,085 40,800 41,218 --------- -------- ------- ------- Net income (loss) per share - diluted $ (0.12) $ 0.23 $ 0.29 $ 0.54 ========= ======== ======= ======= Percentage of dilution compared to basic net income per share 0% 4.2% 0% 1.8%