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Previous: LANDSTAR SYSTEM INC, 10-Q, EX-11.1, 2000-07-26 |
Next: LANDSTAR SYSTEM INC, 10-Q, EX-27.1, 2000-07-26 |
<PAGE>
EXHIBIT 11.2
LANDSTAR SYSTEM, INC. AND SUBSIDIARY
CALCULATION OF DILUTED EARNINGS PER SHARE
(In thousands, except per share amounts)
(Unaudited)
<TABLE>
<CAPTION>
Twenty Six Thirteen
Weeks Ended Weeks Ended
--------------------------- ---------------------------
June 24, June 26, June 24, June 26,
2000 1999 2000 1999
------------ ------------ ------------- -----------
<S> <C> <C> <C> <C>
Net income $ 17,776 $ 18,230 $ 9,437 $ 10,755
============ ============ ============ ============
Average number of common shares
outstanding 9,024 10,246 8,880 10,125
Plus: Incremental shares from
assumed exercise of stock
options 213 120 224 117
------------ ------------ ------------ ------------
Average number of common shares
and common share equivalents
outstanding 9,237 10,366 9,104 10,242
============ ============ ============ ============
Diluted earnings per share $ 1.92 $ 1.76 $ 1.04 $ 1.05
============ ============ ============ ============
21
</TABLE>
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