H. F. Ahmanson & Company and Subsidiaries
Statement of Computation of Earnings Per Share
Exhibit 11
Common stock equivalents identified by the Company in determining its
earnings per common share are stock options, restricted stock awards, stock
appreciation rights and the 6% Cumulative Convertible Preferred Stock,
Series D which is convertible into Common Stock at $24.335 per share of
Common Stock. The following is a summary of the calculation of earnings
per common share:
Three Months Ended March 31,
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1994 1993
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(dollars in thousands,
except per share data)
Primary earnings per common share:
Net earnings $ 55,355 $ 32,856
Less accumulated dividends on preferred stock (12,607) (6,202)
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Net earnings attributable to common shares $ 42,748 $ 26,654
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Weighted average number of common shares
outstanding 116,902,483 116,724,486
Dilutive effect of outstanding common stock
equivalents 259,821 581,810
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Weighted average number of common shares as
adjusted for calculation of primary
earnings per share 117,162,304 117,306,296
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Primary earnings per common share $ 0.36 $ 0.23
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Fully diluted earnings per common share:
Net earnings $ 55,355 $ 32,856
Less accumulated dividends on preferred stock (8,295) (6,202)
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Net earnings attributable to common shares $ 47,060 $ 26,654
=========== ===========
Weighted average number of common shares
outstanding 116,902,483 116,724,486
Dilutive effect of outstanding common stock
equivalents 12,074,059 581,810
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Weighted average number of common shares as
adjusted for calculation of fully diluted
earnings per share 128,976,542 117,306,296
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Fully diluted earnings per common share $ 0.36 $ 0.23
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