EX-11.1 4 c04048exv11w1.txt COMPUTATION OF NET EARNINGS PER SHARE Exhibit 11.1 PAYLESS SHOESOURCE, INC. COMPUTATION OF NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS FOR THE LAST THREE FISCAL YEARS
(Thousands, except per share data) Jan. 28, Jan. 29, Jan. 31, 2006 2005 2004 ------- ------- ------- Basic Computation: Net earnings from continuing operations $74,228 $35,147 $16,942 Weighted average common shares outstanding 67,520 67,947 67,852 ------- ------- ------- Basic earnings per share from continuing operations $ 1.09 $ 0.52 $ 0.25 ======= ======= ======= Diluted Computation: Net earnings from continuing operations $74,228 $35,147 $16,942 Weighted average common shares outstanding 67,520 67,947 67,852 Net effect of dilutive stock options and restricted stock based on the treasury stock method 334 73 179 ------- ------- ------- Outstanding shares for diluted earnings per share 67,854 68,020 68,031 ------- ------- ------- Diluted earnings per share from continuing operations $ 1.09 $ 0.52 $ 0.25 ======= ======= =======