EX-11.1 4 w52559ex11-1.txt RADIAN GROUP SCHEDULE OF NET INCOME PER SHARE 1 Exhibit 11.1 RADIAN GROUP INC. SCHEDULE OF NET INCOME PER SHARE
QUARTER ENDED JUNE 30 SIX MONTHS ENDED JUNE 30 ----------------------------- ----------------------------- 2001 2000(1) 2001 2000(1) --------- --------- --------- --------- (In thousands, except per-share amounts and market prices) Net income ............................................... $ 92,677 $ 61,858 $ 172,834 $ 120,458 Preferred stock dividend adjustment ...................... (825) (825) (1,650) (1,650) --------- --------- --------- --------- Adjusted net income ...................................... $ 91,852 $ 61,033 $ 171,184 $ 118,808 Average diluted stock options outstanding ................ 5,915.2 3,914.3 6,363.6 4,096.0 Average exercise price per share ......................... 24.00 15.25 24.98 15.11 Average market price per share - diluted basis ........... 39.14 25.89 35.81 23.06 Average common shares outstanding ........................ 93,124 75,182 87,400 75,010 Increase in shares due to exercise of options - diluted basis ........................................... 1,730 1,094 1,546 992 Adjusted shares outstanding - diluted .................... 94,854 76,276 88,946 76,002 Net income per share - basic ............................. $ 0.99 $ 0.81 $ 1.96 $ 1.58 ========= ========= ========= ========= Net income per share - diluted ........................... $ 0.97 $ 0.80 $ 1.92 $ 1.56 ========= ========= ========= =========
(1) All share and per-share data have been restated to reflect the stock split. See note 4 to Notes to Consolidated Financial Statements.