Itt Educational Services Inactive 10-Q2001 Q2 Quarterly report

Filed: 8 Aug 01, 12:00am

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New words: adding, al, arbitration, arising, attorney, auditor, binding, breach, California, Clara, compelled, connection, consumer, County, Dan, deceptive, declined, exemplary, fraud, half, Hayward, ii, iii, independent, injunctive, insurance, interest, judgment, misrepresentation, negligence, negligent, Newman, notified, November, oral, ordinary, penalty, plaintiff, proceeding, progressing, proportionate, protection, punitive, quality, recently, regulatory, relief, reside, resolved, restitution, Santa, scrutiny, seek, settlement, similarly, situated, statutory, suit, Superior, Susan, sustained, unchanged, unspecified, Weadock, written

Removed: continue, incentive, timing

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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,

			2001			2000		2001		2000

Net income			$		5,078	$	3,859	$	9,866	$	5,063

Shares:
		Weighted average number of shares of common stock outstanding	23,694			24,022		23,620		24,264

Shares assumed issued (less shares assumed purchased for treasury) on stock options			536			160		479		121

Outstanding shares for diluted earnings per share calculation			24,230			24,182		24,099		24,385

Earnings per common share:
	Basic		$		0.21	$	0.16	$	0.42	$	0.21
	Diluted		$		0.21	$	0.16	$	0.41	$	0.21

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