THE PEP BOYS - MANNY, MOE & JACK AND SUBSIDIARIES Exhibit 11 - Computation of Earnings per Share (in thousands, except per share data) - ------------------------------------------------------------------------------------------------------------------------------------ Fiscal Year 1993 1992 1991 1990 1989 - ------------------------------------------------------------------------------------------------------------------------------------ (a) Net earnings $65,512 $54,579 $38,872 $37,530 $35,063 - ------------------------------------------------------------------------------------------------------------------------------------ Average number of common shares outstanding during the year 60,805 59,297 55,675 55,558 55,069 Common shares assumed issued upon exercise of dilutive stock options, net of assumed repurchase, at the average market price, using the treasury stock method (1) 1,086 1,339 819 551 821 - ------------------------------------------------------------------------------------------------------------------------------------ (b) Average number of common shares outstanding during the year 61,891 60,636 56,494 56,109 55,890 - ------------------------------------------------------------------------------------------------------------------------------------ (c) Net earnings per share (a/b) $ 1.06 $ .90 $ .69 $ .67 $ .63 - ------------------------------------------------------------------------------------------------------------------------------------ <FN> (1) The number of shares assumed issued upon exercise of dilutive stock options is essentially the same for fully diluted earnings per share.