Exhibit 11.1
COUNTRYWIDE CREDIT INDUSTRIES, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Six Months
Ended August 31,
2000 1999
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(Amounts in thousands,
except per share data)
Basic
Net earnings applicable to common stock $174,494 $209,882
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Average shares outstanding 114,047 112,871
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Per share amount $1.53 $1.86
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Diluted
Net earnings applicable to common stock $174,494 $209,882
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Average shares outstanding 114,047 112,871
Net effect of dilutive stock options --
based on the treasury stock method using
the average market price. 3,180 4,568
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Total average shares 117,227 117,439
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Per share amount $1.49 $1.79
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