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EXHIBIT 11
BEAZER HOMES USA, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Dollars in thousands, except per share amounts)
| Year Ended September 30, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 | 1999 | 1998 | |||||||||
Basic: | ||||||||||||
Earnings— | ||||||||||||
Net income | $ | 43,606 | $ | 36,934 | $ | 23,201 | ||||||
Less: Dividends and other payments to preferred stockholders | — | 3,343 | 4,000 | |||||||||
Net income applicable to common shareholders | $ | 43,606 | $ | 33,591 | $ | 19,201 | ||||||
Shares— | ||||||||||||
Weighted average number of common shares outstanding | 8,254 | 7,320 | 5,864 | |||||||||
Basic net income per share | $ | 5.28 | $ | 4.59 | $ | 3.27 | ||||||
Diluted: | ||||||||||||
Earnings | ||||||||||||
Net income applicable to common stockholders | $ | 43,606 | $ | 33,591 | $ | 19,201 | ||||||
Plus: Dividends and other payments to preferred stockholders | — | $ | 3,343 | $ | 4,000 | |||||||
Adjusted net income applicable to common shareholders | $ | 43,606 | $ | 36,934 | $ | 23,201 | ||||||
Shares | ||||||||||||
Weighted average number of common shares outstanding | 8,254 | 7,320 | 5,864 | |||||||||
Effect of dilutive securities: | ||||||||||||
Assumed conversion of preferred shares | — | 1,232 | 2,625 | |||||||||
Restricted stock | 298 | 254 | 163 | |||||||||
Options to acquire common stock | 78 | 89 | 79 | |||||||||
Diluted weighted average number of common shares outstanding | 8,630 | 8,895 | 8,731 | |||||||||
Diluted earnings per share | $ | 5.05 | $ | 4.15 | $ | 2.66 | ||||||