content_image/132741.jpg content_image/132742.jpg content_image/132743.jpg
## NOTE C — ACQUISITIONS OF BUSINESSES — (continued) 

price over the fair value of amounts assigned to the net tangible assets acquired, was $56.0 million and $67.6 million at December 31, 2001 and 2000, respectively, and is being amortized over periods of 5 to 20 years. Amortization expense for the years ended December 31, 2001, 2000 and 1999 was $5.5, $4.6 million and $3.4 million, respectively. Goodwill was reduced by $12.3 million during 2001 due to the realization of operating loss carryforwards and other 

deferred tax attributes related to acquisitions. The pro forma effect on EMCOR’s revenues, net income and earnings per share for 1999, as though the acquisitions occurred as of January 1, was not material. 

## NOTE D — EARNINGS PER SHARE 

The following tables summarize EMCOR’s calculation of Basic and Diluted Earnings per Share (“EPS”) for the years ended December 31, 2001, 2000 and 1999: 

<img src='content_image/132741.jpg'>

<img src='content_image/132742.jpg'>

<img src='content_image/132743.jpg'>

The number of EMCOR’s options granted, which were excluded from the computation of Diluted EPS for the years ended December 31, 2001, 2000 and 1999 because they would be antidilutive, were 210,100, 37,000 and 211,720, respectively. 

