Urban Outfitters, Inc.
Exhibit 11
INCOME PER SHARE CALCULATION:
OCTOBER 31, 1998 & 1997
INCOME PER SHARE CALCULATION:
Three Months Ended October 31 Nine Months Ended October 31
--------------------------------------------- -------------------------------------------------
1998 1997 1998 1997
-------------------- -------------------- ----------------------- ---------------------
$ Per Share $ Per Share $ Per Share $ Per Share
NET INCOME 5,035,000 $0.28 4,783,000 $0.27 10,575,000 $0.59 10,062,000 $0.57
========= ===== ========= ===== ========== ===== ========== =====
WEIGHTED AVERAGE COMMON
SHARES & COMMON SHARE
EQUIVALENTS OUTSTANDING-
ASSUMING DILUTION 17,873,003 17,915,156 17,969,232 17,812,381
========== ========== ========== ==========
COMPUTATION OF COMMON SHARES
& COMMON SHARE EQUIVALENTS OUTSTANDING:
Three Months Ended October 31
----------------------------------------------------------
1998 1997
---------------------------- ----------------------------
End of Period Weighted Ave. End of Period Weighted Ave.
COMMON SHARES OUTSTANDING-
BASIC 17,617,754 17,702,030 17,643,028 17,608,764
---------- ----------
COMMON SHARE EQUIVALENTS:
OPTIONS 1,390,000 1,390,000 546,270 584,668
ASSUMED REPURCHASED
AT AVERAGE PRICE (1,219,027) (278,276)
---------- ----------
WEIGHTED AVERAGE COMMON
EQUIVALENTS 170,973 306,392
---------- ----------
TOTAL WEIGHTED AVERAGE
COMMON SHARES & COMMON
SHARE EQUIVALENTS OUTSTANDING-
ASSUMING DILUTION 17,873,003 17,915,156
========== ==========
Nine Months Ended October 31
----------------------------------------------------------
1998 1997
---------------------------- ----------------------------
End of Period Weighted Ave. End of Period Weighted Ave.
COMMON SHARES OUTSTANDING-
BASIC 17,617,754 17,726,533 17,643,028 17,578,306
---------- ----------
COMMON SHARE EQUIVALENTS:
OPTIONS 1,390,000 1,346,598 546,270 541,889
ASSUMED REPURCHASED
AT AVERAGE PRICE (1,103,899) (307,814)
---------- ----------
WEIGHTED AVERAGE COMMON
EQUIVALENTS 242,699 234,075
---------- ----------
TOTAL WEIGHTED AVERAGE
COMMON SHARES & COMMON
SHARE EQUIVALENTS OUTSTANDING-
ASSUMING DILUTION 17,969,232 17,812,381
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