EX-11 2 exh11.txt COMPUTATION OF PER SHARE EARNINGS Exhibit 11 COMPUTATION OF PER SHARE EARNINGS The following is a computation of the weighted average number of shares outstanding which is used in the computation of per share earnings for Luby's, Inc. for the three and six months ended February 28, 2001, and February 29, 2000. Three months ended February 28, 2001: 22,420,375 x shares outstanding for 42 days 941,655,750 22,422,943 x shares outstanding for 48 days 1,076,301,264 _____________ 2,017,957,014 Divided by number of days in the period 90 _____________ Weighted average number of shares outstanding - basic 22,421,745 Dilutive effect of options outstanding 12,981 Weighted average number of shares outstanding - assuming dilution 22,434,726 Six months ended February 28, 2001: 22,420,375 x shares outstanding for 133days 2,981,909,875 22,422,943 x shares outstanding for 48 days 1,076,301,264 _____________ 4,058,211,139 Divided by number of days in the period 181 _____________ Weighted average number of shares outstanding - basic 22,421,056 Dilutive effect of options outstanding --- Weighted average number of shares outstanding - assuming dilution 22,421,056 Three months ended February 29, 2000: 22,420,375 x shares outstanding for 91 days 2,040,254,125 Divided by number of days in the period 91 _____________ Weighted average number of shares outstanding - basic 22,420,375 Dilutive effect of options outstanding --- Weighted average number of shares outstanding - assuming dilution 22,420,375 Six months ended February 29, 2000: 22,420,375 x shares outstanding for 182 days 4,080,508,250 Divided by number of days in the period 182 _____________ Weighted average number of shares outstanding - basic 22,420,375 Dilutive effect of options outstanding 982 Weighted average number of shares outstanding - assuming dilution 22,421,357