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Previous: HORACE MANN EDUCATORS CORP /DE/, 10-Q, 2000-11-13 |
Next: HORACE MANN EDUCATORS CORP /DE/, 10-Q, EX-27, 2000-11-13 |
<PAGE>
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share
For the Three and Nine Months Ended September 30, 2000 and 1999
(Amounts in thousands, except per share data)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
------------------------ -------------------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Basic - assumes no dilution:
Net income (loss) for the period $ 12,207 $ (5,458) $ 34,615 $ 22,015
-------- -------- -------- --------
Weighted average number of common
shares outstanding during the period 40,550 41,026 40,872 41,318
-------- -------- -------- --------
Net income (loss) per share - basic $ 0.30 $ (0.13) $ 0.85 $ 0.53
======== ======== ======== ========
Diluted - assumes full dilution:
Net income (loss) for the period $ 12,207 $ (5,458) $ 34,615 $ 22,015
-------- -------- -------- --------
Weighted average number of common
shares outstanding during the period 40,550 41,026 40,872 41,318
Weighted average number of common
equivalent shares to reflect the dilutive
effect of common stock equivalent securities:
Stock options 48 451 58 395
Common stock units related to Deferred
Equity Compensation Plan for Directors 102 66 102 66
Common stock units related to Deferred
Compensation Plan for Employees 8 6 8 6
Warrants - 98 - 96
-------- -------- -------- --------
Total common and common equivalent
shares adjusted to calculate diluted
earnings per share 40,708 41,647 41,040 41,881
-------- -------- -------- --------
Net income (loss) per share - diluted $ 0.30 $ (0.12) $ 0.84 $ 0.53
======== ======== ======== ========
Percentage of dilution compared
to basic net income (loss) per share 0.0% 7.7% 1.2% 0.0%
</TABLE>
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