MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (1)
For The Years Ended December 31, 2000, 1999 and 1998
2000 1999 1998
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(In thousands, except per share data)
BASIC EARNINGS PER SHARE
Average common shares outstanding 106,202 108,061 112,135
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Net income $ 541,999 $ 470,201 $ 385,465
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Net income per share $ 5.10 $ 4.35 $ 3.44
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DILUTED EARNINGS PER SHARE
Adjusted shares outstanding:
Average common shares outstanding 106,202 108,061 112,135
Net shares to be issued upon exercise of
common stock equivalents 1,058 1,197 1,447
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Adjusted shares outstanding 107,260 109,258 113,582
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Net income $ 541,999 $ 470,201 $ 385,465
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Net income per share $ 5.05 $ 4.30 $ 3.39
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(1) Per Statement of Financial Accounting Standards No. 128, "Earnings Per Share".