EX-11 2 presto082062_ex11.htm COMPUTATION OF EARNINGS PER SHARE Exhibit 11 to National Presto Industries, Inc. Form 10-Q for the period ended April 1, 2007

Exhibit 11

 

National Presto Industries, Inc.

 

The following presents the computation of per share earnings reflecting the assumption that the granted shares under the 1988 Stock Option Plan will be exercised.

 

(IN THOUSANDS EXCEPT PER SHARE DATA)

 

 

 

First Quarter

 

 

 

2007

 

2006

 

Net Earnings (1)

 

$

5,021

 

$

1,918

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,832

 

 

6,829

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options when dilutive

 

 

—

 

 

1

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent shares for computation (3)

 

 

6,832

 

 

6,830

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

Basic (1 divided by 2)

 

$

0.73

 

$

0.28

 

Diluted (1 divided by 3)

 

$

0.73

 

$

0.28