EX-11.1 2 ex11-1.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS 1 Exhibit 11.1 RADIAN GROUP INC. SCHEDULE OF NET INCOME PER SHARE
QUARTER ENDED JUNE 30 SIX MONTHS ENDED JUNE 30 --------------------- ------------------------ 2000 1999 2000 1999 --------- ------- -------- -------- (In thousands, except per-share amounts and market prices) Net income............................................................. $61,858 $25,094 $120,458 $62,447 Preferred stock dividend adjustment.................................... (825) (825) (1,650) (1,650) ------- ------- -------- ------- Adjusted net income.................................................... $61,033 $24,269 $118,808 $60,797 Average diluted stock options outstanding.............................. 1,957.2 2,413.6 2,048.0 2,459.3 Average exercise price per share....................................... 30.50 27.94 30.23 28.01 Average market price per share - diluted basis......................... 51.77 45.52 46.12 44.07 Average common shares outstanding...................................... 37,591 36,905 37,505 36,883 Increase in shares due to exercise of options - diluted basis......................................................... 547 986 496 924 Adjusted shares outstanding - diluted.................................. 38,138 37,891 38,001 37,807 Net income per share - basic .......................................... $ 1.62 $ 0.66 $ 3.17 $ 1.65 ======= ======= ======== ======= Net income per share - diluted......................................... $ 1.60 $ 0.64 $ 3.13 $ 1.61 ======= ======= ======== =======