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Previous: ALEXANDER & BALDWIN INC, 10-Q, EX-10, 2000-11-13 |
Next: ALEXANDER & BALDWIN INC, 10-Q, EX-27, 2000-11-13 |
<TABLE>
EXHIBIT 11
<CAPTION>
ALEXANDER & BALDWIN, INC.
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)
----------------------------------------------------------------------------------------
Three Months Ended Nine Months Ended
September 30 September 30
2000 1999 2000 1999
---- ---- ---- ----
Basic Earnings Per Share
------------------------
<S> <C> <C> <C> <C>
Net income $ 21,354 $ 18,476 $ 76,028 $ 57,563
======== ======== ======== ========
Average number of shares outstanding 40,439 43,223 41,095 43,366
======== ======== ======== ========
Basic earnings per share $ 0.53 $ 0.43 $ 1.85 $ 1.33
======== ======== ======== ========
Diluted Earnings Per Share
--------------------------
Net income $ 21,354 $ 18,476 $ 76,028 $ 57,563
======== ======== ======== ========
Average number of shares outstanding 40,439 43,223 41,095 43,366
Effect of assumed exercise of
outstanding stock options 262 104 70 24
-------- -------- -------- --------
Average number of shares outstanding
after assumed exercise of
outstanding stock options 40,701 43,327 41,165 43,390
======== ======== ======== ========
Diluted earnings per share $ 0.52 $ 0.43 $ 1.85 $ 1.33
======== ======== ======== ========
</TABLE>
<PAGE>
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