RTW INC /MN/
10-Q, 1999-11-15
FIRE, MARINE & CASUALTY INSURANCE
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Exhibit 11

RTW, INC. AND SUBSIDIARY
Statement Regarding Computation of Basic and Diluted Net Income Per Share
                                   
For the three months ended: For the nine

months ended
March 31, June 30, September 30, September 30,
1999 1999 1999 1999




Basic weighted average shares outstanding 12,231,668 12,307,781 12,312,255 12,283,901
Stock options
Options at $5.81 15,183 2,262 5,815
Options at $5.00 20,509 12,127 14,952 15,863
Options at $4.75 2,326 1,525 2,061 1,971
Options at $4.75 16,318 23,456 13,258
Options at $4.38 30,902 23,457 25,966 26,775
Options at $2.67 16,449 1,992 2,048 6,830
Options at $2.00 19,187 6,396




Diluted weighted average shares outstanding 12,336,224 12,363,200 12,383,000 12,360,809




Net income ($000’s) $ 1,233 $ 1,487 $ 1,611 $ 4,331
Net income per share:
Basic income per share $ 0.10 $ 0.12 $ 0.13 $ 0.35
Diluted income per share $ 0.10 $ 0.12 $ 0.13 $ 0.35

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