CTB International Corp. and Subsidiaries
Diluted Net Income Per Common and Common Equivalent Share
Three and Nine Months Ended September 30, 2000 and 1999
In thousands, except per share amounts)
(Unaudited)
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Three Months Ended Nine Months Ended
September 30, September 30,
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2000 1999 2000 1999
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ACTUAL
<S> <C> <C> <C> <C>
Net Income $ 6,475 $ 4,883 $ 13,129 $ 9,014
Average number of common
shares outstanding 10,930 12,022 11,054 12,050
Common equivalent shares
stock options 209 260 212 246
Total average common and common
equivalent shares outstanding 11,139 12,282 11,266 12,296
Net income per common and common
equivalent share $ 0.58 $ 0.40 $ 1.17 $ 0.73
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