ENGINEERED SUPPORT SYSTEMS, INC.
Exhibit 11 - Statement Re: Computation of Earnings Per Share
(in thousands, except per share data)
Year Ended
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2000 1999 1998
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NET INCOME $13,040 $7,309 $5,789
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BASIC EARNINGS PER SHARE
Average basic shares outstanding 7,019 5,926 4,785
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Net income $1.86 $1.23 $1.21
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DILUTED EARNINGS PER SHARE
Average basic shares outstanding 7,019 5,926 4,785
Net effect of dilutive stock options(1) 246 156 206
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Average diluted shares outstanding 7,265 6,082 4,991
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Net income $1.79 $1.20 $1.16
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(1) Based on the treasury stock method
NOTE: On June 26, 1998, the Company effected a 3-for-2 stock split in the
form of a 50% stock dividend. All share and per share amounts included on
this schedule reflect this stock split.