Southwest Airlines 1998 Annual Report Download - page 61

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61
SOUTHWEST AIRLINES CO. ¤ SIX STORIES OF FREEDOM
11. NET INCOME PER SHARE
The following table sets forth the computation of basic and diluted earnings per
share:
(In thousands except per share amounts) 1998 1997 1996
NUMERATOR:
Net income, available to common stockholders —
numerator for basic and diluted earnings per share
$433,431 $317,772 $207,337
DENOMINATOR:
Weighted-average shares outstanding, basic 333,342 328,631 325,676
Dilutive effect of Employee stock options 19,824 12,557 11,810
Adjusted weighted-average shares outstanding,
diluted 353,166 341,188 337,486
NET INCOME PER SHARE:
Basic $1.30 $.97 $.64
Diluted $1.23 $.93 $.61