EX-11 2 e11q104.htm COMPUTATION OF PER SHARE EARNINGS 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)

 
   

First Quarter Ended
   

March 27,
2004

  

March 29,
2003

Income From Continuing Operations Before Cumulative Effect of Change in
   Accounting Principle



$23.5



$16.5 

   Cumulative Effect of Change in Accounting Principle, Net Of Taxes


-


(0.9)

Net Income (a)

  

$23.5

  

$15.6 
         

Actual outstanding Common and Class B shares at beginning of period

  


52,533

  


53,894 
         

Sum of weighted average activity 1

 

215

  

(127)
         

Weighted Basic Shares (b)

  

52,748

  

53,767 
         

Effect of assumed exercise of Common stock equivalents

  

1,751

  

63 
         

Weighted Diluted Shares (c)

54,499

53,830 

Basic Earnings Per Share (a/b)

$0.45

$0.29 

Diluted Earnings Per Share  (a/c)

$0.43

$0.29 

 

1 Includes activity of Common and Class B shares repurchased and issued for stock options, restricted stock awards and cancellations, and net activity of shares held in deferred compensation plan.