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EXHIBIT 11.1
AMERICREDIT CORP.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(dollars in thousands, except per share amounts)
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<CAPTION>
Three Months Ended
September 30,
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2000 1999
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<S> <C> <C>
Weighted average shares outstanding 77,253,522 67,503,547
Incremental shares resulting from assumed
exercise of stock options 6,104,708 4,174,802
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Weighted average shares and
assumed incremental shares 83,358,230 71,678,349
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NET INCOME $ 42,273 $ 25,324
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EARNINGS PER SHARE:
Basic $ 0.55 $ 0.38
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Diluted $ 0.51 $ 0.35
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Basic earnings per share have been computed by dividing net income by weighted
average shares outstanding.
Diluted earnings per share have been computed by dividing net income by the
weighted average shares and assumed incremental shares. Assumed incremental
shares were computed using the treasury stock method. The average common stock
market price for the period was used to determine the number of incremental
shares.
