EX-11 6 xex-11.txt STMT. OF COMPUTATION OF EARNINGS PER SHARE OF CS EXHIBIT 11 ----------
NEWELL RUBBERMAID INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK ------------------------------------------------- YEAR ENDED DECEMBER 31, 2001 2000 1999 ---- ---- ---- (IN THOUSANDS, EXCEPT PER SHARE DATA) BASIC EARNINGS PER SHARE: Net income $264,635 $421,575 $95,437 Weighted average shares outstanding 266,657 268,437 281,806 Basic earnings per share $0.99 $1.57 $0.34 DILUTED EARNINGS PER SHARE: Net income $264,635 $421,575 $95,437 Minority interest in income of subsidiary trust, net of tax (1) - - - ------- ------- ------- Net income, assuming conversion of all applicable securities $264,635 $421,575 $95,437 Weighted average shares outstanding 266,657 268,437 281,806 Incremental common shares applicable to common stock options based on the average market price during the period 391 63 172 Average common shares issuable assuming conversion of the Company-Obligated Mandatorily Redeemable Convertible Preferred Securities of a Subsidiary Trust (1) - - - ------- ------- ------- Weighted average shares outstanding assuming full dilution 267,048 268,500 281,978 Diluted earnings per share, assuming conversion of all applicable securities $0.99 $1.57 $0.34
(1) The convertible preferred securities are anti-dilutive in 2001, 2000 and 1999 and, therefore, have been excluded from diluted earnings per share. Had the convertible preferred shares been included in the diluted earnings per share calculation, net income would be increased by $16.8 million, $16.4 million and $16.3 million in 2001, 2000 and 1999, respectively and weighted average shares outstanding would have increased by 9.9 million shares in all years.