EX-11 2 0002.txt EXHIBIT 11 Exhibit 11 NVR, Inc. Computation of Earnings Per Share (amounts in thousands, except per share amounts)
Three Months Ended June 30, Six Months Ended June 30, ------------------------------ ------------------------------- 2000 1999 2000 1999 ------------- ------------- ------------- ------------- 1. Net income $ 37,204 $ 28,263 $ 67,778 $ 54,270 ============= ============= ============= ============= 2. Average number of shares outstanding 9,098 10,606 9,295 10,774 3. Shares issuable upon exercise of dilutive options, based on average market price 1,946 1,921 1,843 1,892 ------------- ------------- ------------- ------------- 4. Average number of shares and share equivalents outstanding (2 + 3) 11,044 12,527 11,138 12,666 ============= ============= ============= ============= 5. Basic earnings per share (1/2) $ 4.09 $ 2.66 $ 7.29 $ 5.04 ============= ============= ============= ============= 6. Diluted earnings per share (1/4) $ 3.37 $ 2.26 $ 6.09 $ 4.28 ============= ============= ============= =============
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