EXHIBIT 11
THE LIMITED, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(Thousands except per share amounts)
| |
|
Thirteen Weeks Ended
|
| |
|
October 28,
2000
|
|
October 30,
1999
|
| Net income |
|
|
$ 49,231 |
|
|
|
$ 41,362 |
|
Less: impact of IBI dilutive options and restricted shares on
consolidated income* |
|
|
(468 |
) |
|
|
(467 |
) |
| |
|
|
|
|
|
|
| Adjusted net income |
|
|
$ 48,763 |
|
|
|
$ 40,895 |
|
| |
|
|
|
|
|
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
| Basic shares |
|
|
425,578 |
|
|
|
429,422 |
|
| Dilutive effect of stock options and restricted shares |
|
|
15,791 |
|
|
|
16,346 |
|
| |
|
|
|
|
|
|
| Diluted shares |
|
|
441,369 |
|
|
|
445,768 |
|
| | |
|
|
|
|
|
| Net income per diluted share |
|
|
$ 0.11 |
|
|
|
$ 0.09 |
|
|
|
|
|
|
|
|
| |
|
| |
|
Thirty-nine Weeks Ended
|
| |
|
October 28,
2000
|
|
October 30,
1999
|
| Net income |
|
|
$ 189,754 |
|
|
|
$ 144,295 |
|
Less: impact of IBI dilutive options and restricted shares on
consolidated income* |
|
|
(2,319 |
) |
|
|
(2,221 |
) |
| |
|
|
|
|
|
|
| Adjusted net income |
|
|
$ 187,435 |
|
|
|
$ 142,074 |
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
| Basic shares |
|
|
428,226 |
|
|
|
442,315 |
|
| Dilutive effect of stock options and restricted shares |
|
|
16,075 |
|
|
|
16,790 |
|
| |
|
|
|
|
|
|
| Diluted shares |
|
|
444,301 |
|
|
|
459,105 |
|
| |
|
|
|
|
|
|
| Net income per diluted share |
|
|
$ 0.42 |
|
|
|
$ 0.31 |
|
|
|
|
|
|
|
|
*Represents the impact of dilutive options and restricted shares at Intimate Brands as a reduction to income.
