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Previous: COUNTRYWIDE CREDIT INDUSTRIES INC, 10-Q, EX-10.7.3, 2000-07-17 |
Next: COUNTRYWIDE CREDIT INDUSTRIES INC, 10-Q, EX-12, 2000-07-17 |
Exhibit 11.1
COUNTRYWIDE CREDIT INDUSTRIES, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<S> <C> <C>
Three Months
Ended May 31,
2000 1999
----------------- -- ----------------
(Amounts in thousands,
except per share data)
Basic
Net earnings applicable to common stock $83,459 $103,379
================ =================
Average shares outstanding 113,792 112,751
================ =================
Per share amount $0.73 $0.92
================ =================
Diluted
Net earnings applicable to common stock $83,459 $103,379
================ =================
Average shares outstanding 113,792 112,751
Net effect of dilutive stock options --
based on the treasury stock method using
the average market price. 2,316 4,762
---------------- -----------------
Total average shares 116,108 117,513
================ =================
Per share amount $0.72 $0.88
================ =================
</TABLE>
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