EX-11 4 presto073500_ex11.htm STATEMENT RE COMPUTATION OF PER SHARE EARNINGS National Presto Industries, Inc. Exhibit 11 to Form 10-K Dated December 31, 2006

EXHIBIT 11

 

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS

 

 

The following presents the computation of per share earnings reflecting the assumption that dilutive stock options are exercised.

 

 

 

(IN THOUSANDS EXCEPT PER SHARE DATA)

 

 

 

2006

 

2005

 

2004

 

Net earnings (1)

 

$

27,960

 

$

16,417

 

$

15,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,831

 

 

6,826

 

 

6,821

 

 

 

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options

 

 

—

 

 

1

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent shares for computation (3)

 

 

6,831

 

 

6,827

 

 

6,823

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

Basic (1 / 2)

 

$

4.09

 

$

2.41

 

$

2.26

 

Diluted (1 / 3)

 

$

4.09

 

$

2.40

 

$

2.26