EX-11 4 w62887exv11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 RADIAN GROUP INC. SCHEDULE OF NET INCOME PER SHARE EXHIBIT 11
Quarter Ended Six Months Ended June 30, June 30, ------------------------ -------------------------- 2002 2001 2002 2001 --------- --------- --------- ----------- (In thousands, except per-share amounts and market prices) Net income $ 108,922 $ 92,677 $ 212,855 $ 172,834 Preferred stock dividend adjustment (825) (825) (1,650) (1,650) --------- --------- --------- ----------- Adjusted net income $ 108,097 $ 91,852 $ 211,205 $ 171,184 Average diluted stock options outstanding 5,102.8 5,915.2 5,297.7 6,363.6 Average exercise price per share $ 27.58 $ 24.00 $ 27.21 $ 24.98 Average market price per share - diluted basis $ 51.88 $ 39.14 $ 48.80 $ 35.16 Average common shares outstanding 94,708 93,124 94,466 87,400 Increase in shares due to exercise of options - diluted basis 1,679 1,730 1,668 1,546 --------- --------- --------- ----------- Adjusted shares outstanding - diluted 96,387 94,854 96,134 88,946 Net income per share - basic $ 1.14 $ .99 $ 2.24 $ 1.96 ========= ========= ========= =========== Net income per share - diluted $ 1.12 $ .97 $ 2.20 $ 1.92 ========= ========= ========= ===========
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