EX-11 2 dex11.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, -------------------------- ------------------------- 2001 2000 2001 2000 ------------- ----------- ----------- ----------- 1. Net income $ 59,362 $ 37,204 $ 107,282 $ 67,778 ============= =========== =========== =========== 2. Average number of shares outstanding 8,130 9,098 8,240 9,295 3. Shares issuable upon exercise of dilutive options, based on average market price 1,609 1,178 1,582 1,115 ------------- ----------- ----------- ----------- 4. Average number of shares and share equivalents outstanding (2 + 3) 9,739 10,276 9,822 10,410 ============= =========== =========== =========== 5. Basic earnings per share (1/2) $ 7.30 $ 4.09 $ 13.02 $ 7.29 ============= =========== =========== =========== 6. Diluted earnings per share (1/4) $ 6.10 $ 3.62 $ 10.92 $ 6.51 ============= =========== =========== ===========
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