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Previous: MGIC INVESTMENT CORP, 10-Q, 2000-11-14 |
Next: MGIC INVESTMENT CORP, 10-Q, EX-27, 2000-11-14 |
EXHIBIT 11
<TABLE>
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF NET INCOME PER
SHARE Three and Nine Month Periods Ended September
30, 2000 and 1999
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 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 106,334 108,533 106,036 108,863
============= ============= ============= =============
Net income $ 146,355 $ 122,909 $ 409,678 $ 336,261
============= ============= ============= =============
Basic earnings per share $ 1.38 $ 1.13 $ 3.86 $ 3.09
============= ============= ============= =============
DILUTED EARNINGS PER SHARE
Adjusted shares outstanding:
Average common shares outstanding 106,334 108,533 106,036 108,863
Net shares to be issued upon exercise of
dilutive stock options after applying
treasury stock method 1,005 1,728 1,029 1,130
------------- ------------- ------------- -------------
Adjusted shares outstanding 107,339 110,261 107,065 109,993
============= ============= ============= =============
Net income $ 146,355 $ 122,909 $ 409,678 $ 336,261
============= ============= ============= =============
Diluted earnings per share $ 1.36 $ 1.11 $ 3.83 $ 3.06
============= ============= ============= =============
</TABLE>
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