EX-11 4 exhibit11.txt EPS Exhibit 11.1 COMDISCO HOLDING COMPANY, INC. COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE (in thousands except per share data) Average shares used in computing earnings (loss) per common and common equivalent share were as follows:
SUCCESSOR | PREDECESSOR Two Months | Ten ended | Months September | ended Years ended September 30, 30, | July 31, Years ended September 30, (in millions except per share data) 2004 2003 2002 | 2002 2001 2000 ----------- ----------- ----------- | ----------- ----------- ----------- Average common shares issued ................ 4,200 4,200 4,200 | 225,555 225,366 224,259 Effect of dilutive options .................. -- -- -- | -- -- 9,897 Average common shares held in treasury ...... (3) (1) -- | (74,996) (74,120) (72,374) ----------- ----------- ----------- | ----------- ----------- --------- Total ..................................... 4,197 4,199 4,200 | 150,559 151,245 161,782 =========== =========== =========== | =========== =========== ========= Net earnings (loss) to common stockholders .. $ 22,690 $ 100,373 $ 224,153 | $ (540,714) $ (272,174) $ (66,999) =========== =========== =========== | =========== =========== ========= | Net earnings (loss) per common share: | Earnings (loss) per common share-basic: | Earnings (loss) from continuing | operations ............................. $ 8.61 $ 4.80 $ (8.28) | $ (6.52) $ (1.37) $ .30 Earnings (loss) from discontinued | operations ............................. (3.21) 19.11 4.27 | 1.91 (.44) (.74) Extraordinary gain ...................... -- -- 57.38 | 1.02 -- -- Cumulative effect of change in accounting | principle ............................. -- -- -- | -- .01 -- ----------- ----------- ----------- | ----------- ----------- --------- $ 5.40 $ 23.91 $ 53.37 | $ (3.59) $ (1.80) $ (.44) =========== =========== =========== | =========== =========== ========= | Net earnings (loss) per common share-diluted: | Earnings (loss) from continuing | operations ............................. $ 8.61 $ 4.80 $ (8.28) | $ (6.52) $ (1.37) $ .28 Earnings (loss) from discontinued | operations ............................. (3.21) 19.11 4.27 | 1.91 (.44) (.69) Extraordinary gain ...................... -- -- 57.38 | 1.02 -- -- Cumulative effect of change in accounting | principle ............................. -- -- -- | -- .01 -- ----------- ----------- ----------- | ----------- ----------- --------- $ 5.40 $ 23.91 $ 53.37 | $ (3.59) $ (1.80) $ (.41) =========== =========== =========== | =========== =========== =========
In accordance with Statement of Financial Accounting Standards No. 128-Earnings Per Share, no potential common shares (the assumed exercise of stock options) are included in the computation of any diluted per share amount when a loss from continuing operations exists.