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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, |
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2000 |
1999
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2000
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1999
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Net income |
$3,859
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$1,251
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$5,063
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$7,770
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Shares: |
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Weighted average number of shares of common stock
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24,022
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25,279
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24,264
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25,668
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Shares assumed issued (less shares assumed
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160
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151
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121
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195
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Outstanding shares for diluted earnings per share calculation |
24,182
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25,430
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24,385
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25,863
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Earnings per common share: |
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Basic |
$0.16
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$0.05
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$0.21
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$0.30
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Diluted |
$0.16
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$0.05
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$0.21
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$0.30
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