EX-11.2 7 0007.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)
Fiscal Years Ended December 30, December 25, December 26, 2000 1999 1998 ------------ ------------ ------------ Income from continuing operations $ 45,194 $ 45,937 $ 34,481 Discontinued operations, net of income taxes (22,589) ------------ ------------ ------------ Net income $ 45,194 $ 45,937 $ 11,892 ============ ============ ============ Average number of common shares outstanding 8,781 9,982 11,022 Plus: Incremental shares from assumed exercise of stock options 200 120 101 ------------ ------------ ------------ Average number of common shares and incremental shares outstanding 8,981 10,102 11,123 ============ ============ ============ Diluted earnings per share: Income from continuing operations $ 5.03 $ 4.55 $ 3.10 Loss from discontinued operations (2.03) ------------ ------------ ------------ Diluted earnings per share $ 5.03 $ 4.55 $ 1.07 ============ ============ ============ 35