Exhibit 11
WASTE INDUSTRIES, INC.
COMPUTATION RE: EARNINGS PER SHARE
Three Months Ended Six Months Ended
June 30, June 30,
1999 2000 1999 2000
Net income $ 3,065 $ 1,915 $ 5,916 $ 4,265
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Weighted average number of common shares
issued and outstanding - Basic 13,761 13,858 13,632 13,850
Common stock equivalents
Options for common stock 363 489 363 489
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Weighted average common stock equivalents 14,124 14,347 13,995 14,348
Less treasury shares to be repurchased - (249) - (241)
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Weighted average shares outstanding - Diluted 14,124 14,098 13,995 14,107
Basic earnings per share $0.22 $0.14 $0.43 $0.31
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Diluted earnings per share $0.22 $0.14 0.42 $0.30
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