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Previous: NVR INC, 10-Q, 2000-07-26 |
Next: NVR INC, 10-Q, EX-27, 2000-07-26 |
<PAGE>
Exhibit 11
NVR, Inc.
Computation of Earnings Per Share
(amounts in thousands, except per share amounts)
<TABLE>
<CAPTION>
Three Months Ended June 30, Six Months Ended June 30,
------------------------------ -------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
1. Net income $ 37,204 $ 28,263 $ 67,778 $ 54,270
============= ============= ============= =============
2. Average number of shares
outstanding 9,098 10,606 9,295 10,774
3. Shares issuable upon exercise
of dilutive options, based on
average market price 1,946 1,921 1,843 1,892
------------- ------------- ------------- -------------
4. Average number of shares
and share equivalents outstanding
(2 + 3) 11,044 12,527 11,138 12,666
============= ============= ============= =============
5. Basic earnings per share (1/2) $ 4.09 $ 2.66 $ 7.29 $ 5.04
============= ============= ============= =============
6. Diluted earnings per share (1/4) $ 3.37 $ 2.26 $ 6.09 $ 4.28
============= ============= ============= =============
</TABLE>
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