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Previous: LANDSTAR SYSTEM INC, 10-Q, EX-11.1, 2000-11-03 |
Next: LANDSTAR SYSTEM INC, 10-Q, EX-27.1, 2000-11-03 |
<PAGE>
EXHIBIT 11.2
LANDSTAR SYSTEM, INC. AND SUBSIDIARY
CALCULATION OF DILUTED EARNINGS PER 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
------------ ------------ ------------- -----------
<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
Plus: Incremental shares from
assumed exercise of stock
options 211 121 206 122
------------ ------------ ------------ ------------
Average number of common shares
and common share equivalents
outstanding 9,120 10,270 8,883 10,076
============ ============ ============ ============
Diluted earnings per share $ 3.21 $ 2.95 $ 1.30 $ 1.20
============ ============ ============ ============
23
</TABLE>
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