ITT EDUCATIONAL SERVICES INC
10-Q, EX-11, 2000-08-04
EDUCATIONAL SERVICES
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Exhibit 11

ITT EDUCATIONAL SERVICES, INC.
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(In thousands, except per share data)

Three Months Ended June 30,


Six Months Ended June 30,


2000


1999

2000

1999

Net income

$3,859
$1,251
$5,063
$7,770
 



Shares:

    Weighted average number of shares of common stock
    outstanding

24,022
25,279
24,264
25,668

    Shares assumed issued (less shares assumed
    purchased for treasury) on stock options

160
151
121
195
 



Outstanding shares for diluted earnings per share calculation

24,182
25,430
24,385
25,863
 



Earnings per common share:

    Basic

$0.16
$0.05
$0.21
$0.30

    Diluted

$0.16
$0.05
$0.21
$0.30


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