EX-11.1 2 0002.txt CALCULATION OF EARNINGS PER SHARE EXHIBIT 11.1 LANDSTAR SYSTEM, INC. AND SUBSIDIARY CALCULATION OF EARNINGS PER COMMON SHARE (In thousands, except per share amounts) (Unaudited)
Thirty Nine Thirteen Weeks Ended Weeks Ended --------------------------- --------------------------- Sept 23, Sept 25, Sept 23, Sept 25, 2000 1999 2000 1999 ------------ ------------- ------------- ----------- Earnings available for earnings per share: Net income $ 29,292 $ 30,304 $ 11,516 $ 12,074 ============ ============ ============ ============ Average number of common shares outstanding 8,909 10,149 8,677 9,954 ============ ============ ============ ============ Earnings per common share $ 3.29 $ 2.99 $ 1.33 $ 1.21 ============ ============ ============ ============ 22