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. 28, Sept. 29, Sept. 28, Sept. 29, 2002 2001 2002 2001 ------------ ------------- ------------- ----------- Earnings available for earnings per share: Net income $ 34,703 $ 31,217 $ 13,941 $ 11,930 ============ ============ ============ ============ Average number of common shares outstanding 16,223 16,838 16,224 16,501 ============ ============ ============ ============ Earnings per common share $ 2.14 $ 1.85 $ 0.86 $ 0.72 ============ ============ ============ ============
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