EX-11 2 presto082060_ex11.htm COMPUTATION OF EARNINGS PER SHARE NATIONAL PRESTO INDUSTRIES, INC. EXHIBIT 11 TO FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 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)

 

 

 

Third Quarter

 

First Nine Months

 

 

 

2007

 

2006

 

2007

 

2006

 

Net Earnings (1)

 

$

8,712

 

$

7,180

 

$

20,682

 

$

12,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (2)

 

 

6,837

 

 

6,832

 

 

6,835

 

 

6,831

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share equivalents relating to stock options when dilutive

 

 

0

 

 

1

 

 

0

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted common and common equivalent

 

 

 

 

 

 

 

 

 

 

 

 

 

shares for computation (3)

 

 

6,837

 

 

6,833

 

 

6,835

 

 

6,832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (1 divided by 2)

 

$

1.27

 

$

1.05

 

$

3.03

 

$

1.86

 

Diluted (1 divided by 3)

 

$

1.27

 

$

1.05

 

$

3.03

 

$

1.86