EX-11 5 ex11fin.htm Bausch & Lomb Incorporated




Bausch & Lomb Incorporated

Exhibit 11


Statement Regarding Computation of Per Share Earnings
(Dollar Amounts in Millions, Share Amounts in Thousands Except Per Share Data)
   

Three Months Ended

  
   

March 30,
2002

  

March 31,
2001

  

Income (Loss) From Operations Before Change In Accounting Principle

  

$8.8

  

$(1.3)

  

   Change in accounting principle, net of taxes

  

-

  

0.3 

  

Net Income (Loss) (a)

  

$8.8

  

$(1.0)

  
           

Actual outstanding Common and Class B shares at beginning of period

  

53,543

  

53,473 

  
           

Sum of weighted average activity of
   Common and Class B shares issued for stock options, restricted
   stock awards and cancellations, and net activity of shares held
   in deferred compensation plan

  




154

  




26 

  
           

Weighted Basic Shares (b)

  

53,697

  

53,499 

  
           

Effect of assumed exercise of

         

   Common stock equivalents

  

282

  

- 

<1>
           

Weighted Diluted Shares (c)

  

53,979

  

53,499 

  
           

Basic Earnings Per Share (a/b)

  

$0.16

  

$(0.02)

  
           

Diluted Earnings Per Share  (a/c)

  

$0.16

  

$(0.02)

  

 

<1> Due to the net loss before the change in accounting principle, no effect of assumed exercises of Common stock equivalents was used in the computation of weighted diluted shares.