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Previous: MGIC INVESTMENT CORP, 10-Q, EX-10, 2000-08-14 |
Next: MGIC INVESTMENT CORP, 10-Q, EX-27, 2000-08-14 |
<TABLE>
EXHIBIT 11
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF NET INCOME PER SHARE
Three and Six Month Periods Ended June 30, 2000 and 1999
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
-------------------------------- --------------------------------
2000 1999 2000 1999
---- ---- ---- ----
(In thousands of dollars, except per share data)
<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE
Average common shares outstanding 105,924 109,059 105,887 109,031
============= ============= ============= =============
Net income $ 136,103 $ 112,934 $ 263,323 $ 213,352
============= ============= ============= =============
Basic earnings per share $ 1.28 $ 1.04 $ 2.49 $ 1.96
============= ============= ============= =============
DILUTED EARNINGS PER SHARE
Adjusted shares outstanding:
Average common shares outstanding 105,924 109,059 105,887 109,031
Net shares to be issued upon exercise of
dilutive stock options after applying
treasury stock method 921 1,195 987 1,098
------------- ------------- ------------- -------------
Adjusted shares outstanding 106,845 110,254 106,874 110,129
============= ============= ============= =============
Net income $ 136,103 $ 112,934 $ 263,323 $ 213,352
============= ============= ============= =============
Diluted earnings per share $ 1.27 $ 1.02 $ 2.46 $ 1.94
============= ============= ============= =============
</TABLE>
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