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)
Thirty Nine Thirteen Weeks Ended Weeks Ended --------------------------- --------------------------- Sept 23, Sept 25, Sept 23, Sept 25, 2000 1999 2000 1999 ------------ ------------ ------------- ----------- Net income $ 29,292 $ 30,304 $ 11,516 $ 12,074 ============ ============ ============ ============ Average number of common shares outstanding 8,909 10,149 8,677 9,954 Plus: Incremental shares from assumed exercise of stock options 211 121 206 122 ------------ ------------ ------------ ------------ Average number of common shares and common share equivalents outstanding 9,120 10,270 8,883 10,076 ============ ============ ============ ============ Diluted earnings per share $ 3.21 $ 2.95 $ 1.30 $ 1.20 ============ ============ ============ ============ 23