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Previous: COMPUWARE CORPORATION, 10-K, EX-10.52, 2000-06-26 |
Next: COMPUWARE CORPORATION, 10-K, EX-23.1, 2000-06-26 |
<PAGE> 1
EXHIBIT 11.1
COMPUWARE CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE AND CAPITAL STRUCTURE INFORMATION
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Earnings per common share ("EPS") data were computed as follows (in thousands,
except for per share data):
<TABLE>
<CAPTION>
Year Ended March 31,
-------------------------------------------
2000 1999 1998
---- ---- ----
<S> <C> <C> <C>
BASIC EPS:
Numerator: Net Income $ 351,976 $ 349,863 $ 193,944
------------- ------------- -------------
Denominator:
Weighted-average common shares outstanding 358,560 366,734 352,274
------------- ------------- -------------
Basic EPS $ 0.98 $ 0.95 $ 0.55
============= ============= =============
DILUTED EPS:
Numerator: Net Income $ 351,976 $ 349,863 $ 193,944
------------- ------------- -------------
Denominator:
Weighted-average common shares outstanding 358,560 366,734 352,274
Dilutive effect of stock options (1) 26,131 35,302 35,152
------------- ------------- -------------
Total Shares 384,691 402,036 387,426
------------- ------------- -------------
Diluted EPS $ 0.91 $ 0.87 $ 0.50
============= ============= =============
</TABLE>
(1) The dilutive effect of stock options is determined using the treasury stock
method based upon the average price per share of $27.97, $27.46 and $15.61 for
fiscal 2000, 1999 and 1998, respectively.
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