<TABLE>
THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11
COMPUTATION OF NET EARNINGS PER SHARE
(in thousands, except per share data)
(UNAUDITED)
<CAPTION>
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Thirteen weeks ended Thirty-nine weeks ended
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Oct. 28, 2000 Oct. 30, 1999 Oct. 28, 2000 Oct. 30, 1999
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<S> <C> <C> <C> <C>
(a) Net (loss) earnings before
extraordinary (loss) gain...................... $ (62,271) $ 9,930 $ (54,455) $40,088
Adjustment for interest on 4% convertible
subordinated notes, net of income tax effect... - - - 968
Adjustment for interest on zero coupon convertible
subordinated notes, net of income tax effect... - - - -
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(b) Adjusted net (loss) earnings before
extraordinary (loss) gain...................... $ (62,271) $ 9,930 $ (54,455) $41,056
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(c) Average number of common shares outstanding
during the period.............................. 51,112 50,771 51,055 50,567
Common shares assumed issued upon conversion of
4% convertible subordinated notes.............. - - - 1,251
Common shares assumed issued upon conversion of
zero coupon convertible subordinated notes..... - - - -
Common shares assumed issued upon exercise
of dilutive stock options, net of assumed
repurchase, at the average market price........ - 68 - 233
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(d) Average number of common shares assumed
outstanding during the period.................. 51,112 50,839 51,055 52,051
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Basic (Loss) Earnings per Share:
Before Extraordinary (Loss) Gain (a/c)........... $ (1.22) $ .20 $ (1.07) $ .79
Extraordinary (Loss) Gain........................ (.02) - .04 -
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Basic (Loss) Earnings per Share: $ (1.24) $ .20 $ (1.03) $ .79
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Diluted (Loss) Earnings per Share:
Before Extraordinary (Loss) Gain (b/d)........... $ (1.22) $ .20 $ (1.07) $ .79
Extraordinary (Loss) Gain........................ (.02) - .04 -
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Diluted (Loss) Earnings per Share: $ (1.24) $ .20 $ (1.03) $ .79
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