EX-11 7 dex11.txt EX-11 EXHIBIT 11 ---------- THE LIMITED, INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS (Thousands except per share amounts)
Quarter Ended ------------------------------- February 2, February 3, 2002 2001 -------------- -------------- Net income $326,529 $238,151 Less: impact of IBI dilutive options and restricted stock on consolidated income* (1,243) (1,958) -------------- -------------- Adjusted net income $325,286 $236,193 ============== ============== Common shares outstanding: Weighted average basic shares 428,859 425,739 Dilutive effect of stock options and restricted stock 6,430 13,548 -------------- -------------- Weighted average used to calculate net income per diluted share 435,289 439,287 ============== ============== Net income per diluted share $0.75 $0.54 ============== ==============
Year Ended ------------------------------- February 2, February 3, 2002 2001 -------------- -------------- Net income $518,921 $427,905 Less: impact of IBI dilutive options and restricted stock on consolidated income* (1,451) (4,371) -------------- -------------- Adjusted net income $517,470 $423,534 ============== ============== Common shares outstanding: Weighted average basic shares 427,844 427,604 Dilutive effect of stock options and restricted stock 7,057 15,444 -------------- -------------- Weighted average used to calculate net income per diluted share 434,901 443,048 -------------- -------------- Net income per diluted share $1.19 $0.96 ============== ==============
*Represents the impact of dilutive options and restricted stock at Intimate Brands as a reduction to income.