EX-11 2 a2042311zex-11.txt COMPUTATION OF BASIC/DILUTED EARNINGS EXHIBIT 11 ITT EDUCATIONAL SERVICES, INC. COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
2000 1999 1998 -------- -------- -------- Net income.................................................. $24,709 $23,528 $13,941 ======= ======= ======= Shares: Weighted average number of shares of common stock outstanding............................................. 24,018 25,235 27,000 Shares assumed issued (less shares assumed purchased for treasury) on stock options.............................. 167 145 185 ------- ------- ------- Outstanding shares for diluted earnings per share calculation............................................... 24,185 25,380 27,185 ======= ======= ======= Earnings per common share: Basic..................................................... $ 1.03 $ 0.93 $ 0.52 Diluted................................................... $ 1.02 $ 0.93 $ 0.51