Exhibit 11
WASTE INDUSTRIES, INC.
COMPUTATION RE: EARNINGS PER SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
1999 2000 1999 2000
Net income $ 2,955 $ 1,730 $ 8,871 $5,994
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Weighted average number of common shares
issued and outstanding - Basic 13,854 13,633 13,707 13,778
Common stock equivalents
Options for common stock 349 369 356 438
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Weighted average common stock equivalents 14,203 14,002 14,063 14,216
Less treasury shares to be repurchased - (187) - (217)
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Weighted average shares outstanding - Diluted 14,203 13,815 14,063 13,999
Basic earnings per share $0.21 $0.13 $0.65 $0.44
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Diluted earnings per share $0.21 $0.13 $0.63 $0.43
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