EX-11 7 c26600exv11.htm STATEMENT RE COMPUTATION OF NET INCOME PER SHARE exv11
EXHIBIT 11
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF NET INCOME PER SHARE
Three Months Ended March 31,2008 and 2007
                 
    Three Months Ended  
    March 31,  
    2008     2007  
    (In thousands of dollars)  
BASIC EARNINGS PER SHARE
                
 
                
Average common shares outstanding
     84,127       81,890  
 
            
 
                
Net (loss) income
   $ (34,394 )   $ 92,363  
 
            
 
                
Basic (loss) earnings per share
   $ (0.41 )   $ 1.13  
 
            
 
                
DILUTED EARNINGS PER SHARE
                
 
                
Adjusted weighted average shares outstanding:
                
Average common shares outstanding
     84,127       81,890  
Common stock equivalents
     —       464  
 
            
 
                
Adjusted weighted average diluted shares outstanding
     84,127       82,354  
 
            
 
                
Net (loss) income
   $ (34,394 )   $ 92,363  
 
            
 
                
Diluted (loss) earnings per share
   $ (0.41 )   $ 1.12  
 
            
 
(1)   Per Statement of Financial Accounting Standards No. 128, “Earnings Per Share”, for the three months ended March 31, 2008 the diluted weighted-average shares are equivalent to the basic weighted average shares due to a net loss from continuing operations.