EXHIBIT 11
THE LIMITED, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(Thousands except per share amounts)
| |
|
Thirteen weeks Ended
|
| |
|
July 29,
2000
|
|
July 31,
1999
|
| Net income |
|
$77,573 |
|
|
$57,482 |
|
Less: impact of IBI dilutive options and restricted shares on
consolidated income* |
|
(1,298 |
) |
|
(1,265 |
) |
| |
|
|
|
|
|
|
| Adjusted net income |
|
$76,275 |
|
|
$56,217 |
|
| |
|
|
|
|
|
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
| Basic shares
|
|
428,616 |
|
|
442,058 |
|
| Dilutive effect of
stock options and restricted shares |
|
17,613 |
|
|
18,394 |
|
| |
|
|
|
|
|
|
| Diluted shares
|
|
446,229 |
|
|
460,452 |
|
| |
|
|
|
|
|
|
| Net income per diluted share |
|
$ 0.17 |
|
|
$ 0.12 |
|
| |
|
|
|
|
|
|
| |
|
Twenty- six weeks Ended
|
| |
|
July 29,
2000
|
|
July 31,
1999
|
| Net income |
|
$140,523 |
|
|
$102,933 |
|
Less: impact of IBI dilutive options and restricted shares on
consolidated income* |
|
(1,844 |
) |
|
(1,778 |
) |
| |
|
|
|
|
|
|
| Adjusted net income |
|
$138,679 |
|
|
$101,155 |
|
| |
|
|
|
|
|
|
| Weighted average common shares outstanding: |
|
|
|
|
|
|
| Basic shares
|
|
429,550 |
|
|
448,762 |
|
| Dilutive effect of
stock options and restricted shares |
|
16,218 |
|
|
17,012 |
|
| |
|
|
|
|
|
|
| Diluted shares
|
|
445,768 |
|
|
465,774 |
|
| |
|
|
|
|
|
|
| Net income per diluted share |
|
$ 0.31 |
|
|
$ 0.22 |
|
| |
|
|
|
|
|
|
*Represents the impact of dilutive options and restricted shares at Intimate Brands as a reduction to income.
