EXHIBIT 11.1
AMERICREDIT CORP.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(dollars in thousands, except per share amounts)
Three Months Ended Nine Months Ended
March 31, March 31,
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1998 1997 1998 1997
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Weighted average
shares outstanding 30,146,854 29,073,790 29,866,492 28,697,299
Incremental shares
resulting from assumed
exercise of stock options 2,337,955 1,959,440 2,455,523 1,910,096
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Weighted average shares
and assumed incremental
shares 32,484,809 31,033,230 32,322,015 30,607,395
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NET INCOME $ 15,696 $ 10,126 $ 43,071 $ 27,396
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EARNINGS PER SHARE:
Basic $ .52 $ .35 $ 1.44 $ .95
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Diluted $ .48 $ .33 $ 1.33 $ .90
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Basic earnings per share has been computed by dividing net income by the
weighted average shares outstanding.
Diluted earnings per share has been computed by dividing net income by the
weighted average shares and assumed incremental shares. Assumed incremental
shares were computed using the treasury stock method. The average common
stock market price for the period was used to determine the number of
incremental shares.
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