EX-11 9 dex11.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, 2002 and 2001 (Amounts in thousands, except per share data)
Three Months Ended Six Months Ended June 30, June 30, ----------------------- ----------------------- 2002 2001 2002 2001 ---------- ---------- ---------- ---------- Basic - assumes no dilution: Net income (loss) for the period $ (19,287) $ (4,926) $ (3,716) $ 11,772 ---------- ---------- ---------- ---------- Weighted average number of common shares outstanding during the period 40,838 40,554 40,809 40,539 ---------- ---------- ---------- ---------- Net income (loss) per share - basic $ (0.47) $ (0.12) $ (0.09) $ 0.29 ========== ========== ========== ========== Diluted - assumes full dilution: Net income (loss) for the period $ (19,287) $ (4,926) $ (3,716) $ 11,772 ---------- ---------- ---------- ---------- Weighted average number of common shares outstanding during the period 40,838 40,554 40,809 40,539 Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: Stock options 292 189 299 130 Common stock units related to Deferred Equity Compensation Plan for Directors 134 117 134 117 Common stock units related to Deferred Compensation Plan for Employees 30 14 30 14 ---------- ---------- ---------- ---------- Total common and common equivalent shares adjusted to calculate diluted earnings per share 41,294 40,874 41,272 40,800 ---------- ---------- ---------- ---------- Net income (loss) per share - diluted $ (0.47) $ (0.12) $ (0.09) $ 0.29 ========== ========== ========== ========== Percentage of dilution compared to basic net income per share 0.0% 0.0% 0.0% 0.0%
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