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Exhibit 11
Hispanic Broadcasting Corporation and Subsidiaries
Statement Regarding Computation of Per Share Earnings
(in thousands except per share data)
| Year Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 2000 | 1999 | 1998 | 1997 | |||||||||||
Earnings: | ||||||||||||||||
Income from continuing operations | $ | 30,969 | $ | 41,531 | $ | 34,176 | $ | 26,884 | $ | 18,772 | ||||||
Preferred stock dividends | — | — | — | — | — | |||||||||||
Net income applicable to common stockholders | $ | 30,969 | $ | 41,531 | $ | 34,176 | $ | 26,884 | $ | 18,772 | ||||||
Earnings Per Share: | ||||||||||||||||
Basic | $ | 0.28 | $ | 0.38 | $ | 0.34 | $ | 0.27 | $ | 0.23 | ||||||
Diluted | $ | 0.28 | $ | 0.38 | $ | 0.33 | $ | 0.27 | $ | 0.22 | ||||||
Number of Shares On Which Net Income Per Share Is Based: | ||||||||||||||||
Weighted average common shares before dilutive effect of common stock equivalents | 108,872 | 108,858 | 101,566 | 98,042 | 83,342 | |||||||||||
Common stock equivalents: | ||||||||||||||||
Stock options | 733 | 1,514 | 1,347 | 635 | 242 | |||||||||||
Employee Stock Purchase Plan | 12 | 16 | 14 | 18 | — | |||||||||||
Weighted average common shares | 109,617 | 110,388 | 102,927 | 98,695 | 83,584 | |||||||||||
Hispanic Broadcasting Corporation and Subsidiaries Statement Regarding Computation of Per Share Earnings (in thousands except per share data)