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Previous: LANDSTAR SYSTEM INC, 10-Q, 2000-11-03 |
Next: LANDSTAR SYSTEM INC, 10-Q, EX-11.2, 2000-11-03 |
<PAGE>
EXHIBIT 11.1
LANDSTAR SYSTEM, INC. AND SUBSIDIARY
CALCULATION OF EARNINGS PER COMMON SHARE
(In thousands, except per share amounts)
(Unaudited)
<TABLE>
<CAPTION>
Thirty Nine Thirteen
Weeks Ended Weeks Ended
--------------------------- ---------------------------
Sept 23, Sept 25, Sept 23, Sept 25,
2000 1999 2000 1999
------------ ------------- ------------- -----------
Earnings available for earnings per share:
<S> <C> <C> <C> <C>
Net income $ 29,292 $ 30,304 $ 11,516 $ 12,074
============ ============ ============ ============
Average number of common shares outstanding 8,909 10,149 8,677 9,954
============ ============ ============ ============
Earnings per common share $ 3.29 $ 2.99 $ 1.33 $ 1.21
============ ============ ============ ============
22
</TABLE>
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