EX-11.2 3 0003.txt CALCULATION OF DILUTED EARNINGS PER SHARE EXHIBIT 11.2 LANDSTAR SYSTEM, INC. AND SUBSIDIARY CALCULATION OF DILUTED EARNINGS PER SHARE (In thousands, except per share amounts) (Unaudited)
Twenty Six Thirteen Weeks Ended Weeks Ended --------------------------- --------------------------- June 24, June 26, June 24, June 26, 2000 1999 2000 1999 ------------ ------------ ------------- ----------- Net income $ 17,776 $ 18,230 $ 9,437 $ 10,755 ============ ============ ============ ============ Average number of common shares outstanding 9,024 10,246 8,880 10,125 Plus: Incremental shares from assumed exercise of stock options 213 120 224 117 ------------ ------------ ------------ ------------ Average number of common shares and common share equivalents outstanding 9,237 10,366 9,104 10,242 ============ ============ ============ ============ Diluted earnings per share $ 1.92 $ 1.76 $ 1.04 $ 1.05 ============ ============ ============ ============ 21