EX-11 4 ex_11-2.txt 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. 28, Sept. 29, Sept. 28, Sept. 29, 2002 2001 2002 2001 ------------ ------------ ------------- ----------- Net income $ 34,703 $ 31,217 $ 13,941 $ 11,930 ============ ============ ============ ============ Average number of common shares 16,223 16,838 16,224 16,501 Plus: Incremental shares from assumed exercise of stock options 624 432 651 442 ------------ ------------ ------------ ------------ Average number of common shares and common share equivalents outstanding 16,847 17,270 16,875 16,943 ============ ============ ============ ============ Diluted earnings per share $ 2.06 $ 1.81 $ 0.83 $ 0.70 ============ ============ ============ ============
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