EX-11 3 dex11.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Horace Mann Educators Corporation Computation of Net Income per Share For the Three Months Ended March 31, 2001 and 2000 (Amounts in thousands, except per share data)
Three Months Ended March 31, ---------------- 2001 2000 ------- ------- Basic - assumes no dilution: Net income for the period $16,698 $12,726 ------- ------- Weighted average number of common shares outstanding during the period 40,524 41,156 ------- ------- Net income per share - basic $ 0.41 $ 0.31 ======= ======= Diluted - assumes full dilution: Net income for the period $16,698 $12,726 ------- ------- Weighted average number of common shares outstanding during the period 40,524 41,156 Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: Stock options 102 88 Common stock units related to Deferred Equity Compensation Plan for Directors 107 73 Common stock units related to Deferred Compensation Plan for Employees 14 8 ------- ------- Total common and common equivalent shares adjusted to calculate diluted earnings per share 40,747 41,325 ------- ------- Net income per share - diluted $ 0.41 $ 0.31 ======= ======= Percentage of dilution compared to basic net income per share 0.0% 0.0%