NUCOR CORPORATION Exhibits 11 and 21 to FORM 10-K - 2000 EXHIBIT 11 - COMPUTATION OF NET EARNINGS PER SHARE Year ended December 31, ---------------------------------------- 2000 1999 1998 ------------ ------------ ------------- BASIC: Basic net earnings......................... $310,907,988 $244,589,094 $263,708,596 ============ ============ ============ Average shares outstanding................. 81,762,429 87,247,160 87,861,501 ========== ========== ========== Basic net earnings per share............... $3.80 $2.80 $3.00 ===== ===== ===== DILUTED: Diluted net earnings....................... $310,907,988 $244,589,094 $263,708,596 ============ ============ ============ Diluted average shares outstanding: Basic shares outstanding................. 81,762,429 87,247,160 87,861,501 Dilutive effect of employee stock options 14,825 40,116 16,693 ---------- ---------- ---------- 81,777,254 87,287,276 87,878,194 ========== ========== ========== Diluted net earnings per share............. $3.80 $2.80 $3.00 ===== ===== =====