EX-11 3 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 quarter and three quarters ended May 8, 2002, and May 31, 2001. Quarter ended May 8, 2002: 22,423,043 x shares outstanding for 28 days 627,845,204 22,433,043 x shares outstanding for 56 days 1,256,250,408 _____________ 1,884,095,612 Divided by number of days in the period 84 _____________ Weighted average number of shares outstanding - basic 22,429,710 Three quarters ended May 8, 2002: 22,422,943 x shares outstanding for 110 days 2,466,523,730 22,423,014 x shares outstanding for 28 days 627,844,392 22,423,043 x shares outstanding for 56 days 1,255,690,408 22,433,043 x shares outstanding for 56 days 1,256,250,408 _____________ 5,606,308,938 Divided by number of days in the period 250 _____________ Weighted average number of shares outstanding - basic 22,425,236 Quarter ended May 31, 2001: 22,422,943 x shares outstanding for 92 days 2,062,910,756 Divided by number of days in the period 92 _____________ Weighted average number of shares outstanding - basic 22,422,943 Three quarters ended May 31, 2001: 22,420,375 x shares outstanding for 133 days 2,981,909,875 22,422,943 x shares outstanding for 140 days 3,139,212,020 _____________ 6,121,121,895 Divided by number of days in the period 273 _____________ Weighted average number of shares outstanding - basic 22,421,692