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H.S. sophomore Good
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New words:
anticipated, directed, distance, obligation, potential, Reform, repeatedly, revise, told, trend, update, withdrawing
Removed:
audit, plan, treasury
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Exhibit 11
ITT EDUCATIONAL SERVICES, INC.
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(In thousands, except per share data)
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| Three Months Ended September 30, |
| Nine Months Ended September 30, |
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| 2001 |
| 2000 |
| 2001 |
| 2000 |
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Net income |
| $ | 9,179 |
| $ | 7,473 |
| $ | 19,045 |
| $ | 12,536 |
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Shares: |
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Weighted average number of shares of common stock outstanding |
| 23,795 |
| 23,912 |
| 23,678 |
| 24,147 |
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Shares assumed issued (less shares assumed purchased for treasury) on stock options |
| 536 |
| 234 |
| 498 |
| 158 |
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Outstanding shares for diluted earnings per share calculation |
| 24,331 |
| 24,146 |
| 24,176 |
| 24,305 |
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Earnings per common share: |
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Basic |
| $ | 0.39 |
| $ | 0.31 |
| $ | 0.80 |
| $ | 0.52 |
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Diluted |
| $ | 0.38 |
| $ | 0.31 |
| $ | 0.79 |
| $ | 0.52 |
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