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New words:
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| Exhibit 11 |
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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 March 31, |
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| 2002 |
| 2001 |
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Net income |
| $ | 6,408 |
| $ | 4,788 |
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Shares: |
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Weighted average number of shares of common stock outstanding |
| 23,074 |
| 23,546 |
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Shares assumed issued (less shares assumed purchased for treasury) on stock options |
| 547 |
| 421 |
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Outstanding shares for diluted earnings per share calculation |
| 23,621 |
| 23,967 |
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Earnings per common share: |
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Basic |
| $ | 0.28 |
| $ | 0.20 |
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Diluted |
| $ | 0.27 |
| $ | 0.20 |
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