EX-11 6 dex11.txt COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 ---------- THE LIMITED, INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS (Thousands except per share amounts)
Quarter Ended -------------------------------------- February 3, January 29, 2001 2000 -------------- -------------- Net income $238,151 $316,464 Less: impact of IBI dilutive options and restricted stock on consolidated income* (1,958) (3,162) -------------- -------------- Adjusted net income $236,193 $313,302 ============== ============== Common shares outstanding: Weighted average basic shares 425,739 429,708 Dilutive effect of stock options and restricted stock 13,548 15,234 -------------- -------------- Weighted average used to calculate net income per diluted share 439,287 444,942 ============== ============== Net income per diluted share $0.54 $0.70 ============== ============== Year Ended -------------------------------------- February 3, January 30, 2001 1999 -------------- -------------- Net income $427,905 $460,759 Less: impact of IBI dilutive options and restricted stock on consolidated income* (4,371) (5,636) -------------- -------------- Adjusted net income $423,534 $455,123 ============== ============== Common shares outstanding: Weighted average basic shares 427,604 439,164 Dilutive effect of stock options and restricted stock 15,444 16,400 -------------- -------------- Weighted average used to calculate net income per diluted share 443,048 455,564 ============== ============== Net income per diluted share $0.96 $1.00 ============== ==============
*Represents the impact of dilutive options and restricted stock at Intimate Brands as a reduction to income.