EX-11 2 presto082061_ex11.htm COMPUTATION OF EARNINGS PER SHARE Exhibit 11 to National Presto Industries, Inc. Form 10-Q for period ended July 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)

 

 

 

Second Quarter

 

First Six Months

 

 

 

2007

 

2006

 

2007

 

2006

 

Net Earnings (1)

 

$

6,949

 

$

3,614

 

$

11,970

 

$

5,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,836

 

 

6,831

 

 

6,834

 

 

6,830

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options when dilutive

 

 

0

 

 

1

 

 

0

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent shares for computation (3)

 

 

6,836

 

 

6,832

 

 

6,834

 

 

6,831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (1 divided by 2)

 

$

1.02

 

$

0.53

 

$

1.75

 

$

0.81

 

Diluted (1 divided by 3)

 

$

1.02

 

$

0.53

 

$

1.75

 

$

0.81