EX-11 2 presto081261_ex11.htm COMPUTATION OF PER SHARE EARNINGS Exhibit 11 to National Presto Industries, Inc. Form 10-K for fiscal year ended December 31, 2007

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)

 

 

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (1)

 

$

38,623

 

$

27,960

 

$

16,417

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,836

 

 

6,831

 

 

6,826

 

 

 

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options

 

 

—

 

 

—

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent shares for computation (3)

 

 

6,836

 

 

6,831

 

 

6,827

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

Basic (1 / 2)

 

$

5.65

 

$

4.09

 

$

2.41

 

Diluted (1 / 3)

 

$

5.65

 

$

4.09

 

$

2.40