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THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11
COMPUTATION OF NET EARNINGS PER SHARE
(in thousands, except per share data)
(UNAUDITED)
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Thirteen weeks ended
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April 29, 2000 May 1, 1999
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<S> <C> <C>
(a) Net earnings before extraordinary gain........... $ 4,407 $10,093
Adjustment for interest on zero coupon convertible
subordinated notes, net of income tax effect... - -
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(b) Adjusted net earnings $ 4,407 $10,093
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(c) Average number of common shares outstanding
during the period.............................. 50,998 50,511
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........ 3 252
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(d) Average number of common shares assumed
outstanding during the period.................. 51,001 50,763
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Basic Earinings per Share:
Before Extraordinary Gain (a/c).................. $ .09 $ .20
Extraordinary Gain............................... .04 -
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Basic Earnings per Share: $ .13 $ .20
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Diluted Earnings per Share:
Before Extraordinary Gain (b/d).................. $ .09 $ .20
Extraordinary Gain............................... .04 -
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Diluted Earnings per Share: $ .13 $ .20
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