EX-11 8 0008.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Horace Mann Educators Corporation Computation of Net Income per Share For the Three and Six Months Ended June 30, 2000 and 1999 (Amounts in thousands, except per share data)
Three Months Ended Six Months Ended June 30, June 30, ------------------------- ------------------------- 2000 1999 2000 1999 -------- ------- ------- ------- Basic - assumes no dilution: Net income (loss) for the period $ 9,682 $10,422 $22,408 $27,473 -------- ------- ------- ------- Weighted average number of common shares outstanding during the period 40,913 41,131 41,034 41,467 -------- ------- ------- ------- Net income (loss) per share - basic $ 0.24 $ 0.25 $ 0.55 $ 0.66 ======== ======= ======= ======= Diluted - assumes full dilution: Net income (loss) for the period $ 9,682 $10,422 $22,408 $27,473 -------- ------- ------- ------- Weighted average number of common shares outstanding during the period 40,913 41,131 41,034 41,467 Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: Stock options 67 365 79 362 Common stock units related to Deferred Equity Compensation Plan for Directors 97 65 97 65 Common stock units related to Deferred Compensation Plan for Employees 8 6 8 6 Warrants - 96 - 96 -------- ------- ------- ------- Total common and common equivalent shares adjusted to calculate diluted earnings per share 41,085 41,663 41,218 41,996 -------- ------- ------- ------- Net income (loss) per share - diluted $ 0.23 $ 0.25 $ 0.54 $ 0.65 ======== ======= ======= ======= Percentage of dilution compared to basic net income (loss) per share 4.2% 0.0% 1.8% 1.5%