EX-11 3 ex_11-1.txt 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. 29, Sept. 23, Sept. 29, Sept. 23, 2001 2000 2001 2000 ------------ ------------- ------------- ----------- Earnings available for earnings per share: Net income $ 31,217 $ 29,292 $ 11,930 $ 11,516 ============ ============ ============ ============ Average number of common shares outstanding 8,419 8,909 8,251 8,677 ============ ============ ============ ============ Earnings per common share $ 3.71 $ 3.29 $ 1.45 $ 1.33 ============ ============ ============ ============
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