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EXHIBIT 11.2
Page 1 of 2
GREYHOUND LINES, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED
SEPTEMBER 30, 1997
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PRIMARY EARNINGS PER SHARE
Net income ............................................................................... $ 23,513,000
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Shares
Weighted average number of common shares issued ...................................... 59,377,968
Less weighted average treasury stock ................................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ....... 1,592,764
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Weighted average number of common shares outstanding, as adjusted .................... 60,861,540
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Net income per share ..................................................................... $ 0.39
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FULLY DILUTED EARNINGS PER SHARE
Net income ............................................................................... $ 23,513,000
Plus interest expense on 8 1/2% Convertible Subordinated Debentures ...................... 208,335
Plus dividends on the 8 1/2% Convertible Exchangeable Preferred Stock .................... 1,275,000
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Adjusted net income ...................................................................... $ 24,996,335
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Shares
Weighted average number of common shares issued ...................................... 59,377,968
Less weighted average treasury stock ................................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ....... 1,592,764
Assuming conversion of 8 1/2% Convertible Subordinated Debentures into shares
of Common Stock ................................................................. 792,243
Assuming conversion of the 8 1/2% Convertible Exchangeable Preferred Stock ........... 12,307,692
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Weighted average number of common shares outstanding, as adjusted .................... 73,961,475
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Net income per share ..................................................................... $ 0.34
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EXHIBIT 11.2
Page 2 of 2
GREYHOUND LINES, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
NINE MONTHS ENDED
SEPTEMBER 30, 1997
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PRIMARY LOSS PER SHARE
Net loss.................................................................................. $(23,889,000)
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Shares
Weighted average number of common shares issued....................................... 58,954,163
Less weighted average treasury stock ................................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ....... --- *
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Weighted average number of common shares outstanding, as adjusted .................... 58,884,971
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Net loss per share ....................................................................... $ (0.41)
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FULLY DILUTED LOSS PER SHARE
Net loss.................................................................................. $(23,889,000)
Plus interest expense on 8 1/2% Convertible Subordinated Debentures ...................... --- **
Plus dividends on the 8 1/2% Convertible Exchangeable Preferred Stock..................... --- **
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Adjusted net loss ........................................................................ $(23,889,000)
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Shares
Weighted average number of common shares issued....................................... 58,954,163
Less weighted average treasury stock.................................................. (109,192)
Assuming exercise of options reduced by the number of common shares which
could have been purchased with the proceeds from exercise of such options ....... --- *
Assuming conversion of 8 1/2% Convertible Subordinated Debentures into shares of
Common Stock .................................................................... --- **
Assuming conversion of the 8 1/2% Convertible Exchangeable Preferred Stock ........... --- **
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Weighted average number of common shares outstanding, as adjusted .................... 58,884,971
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Net loss per share ....................................................................... $ (0.41)
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* Option exercises not considered in calculation as exercise would not have a
dilutive effect.
** Not used in calculation of weighted average number of common shares due to
the antidilutive effect of the assumed conversion of the 8 1/2% Convertible
Subordinated Debentures and the 8 1/2% Convertible Exchangeable Preferred
Stock.