EX-11.1 2 exh11_1.htm EXHIBIT 11.1 Exhibit 11.1
Exhibit 11.1
 
 
CPI Corp.
Computation of Per Common Share Earnings (Loss) - Diluted
(Unaudited)
 
 

 
   
12 Weeks Ended  
      
thousands, except share and per share data
  
April 29, 2006
  
 April 30, 2005
      
                
Diluted:
               
Net earnings (loss) applicable to common shares
  
$
1,844
  
$
(2,058
)
    
                   
Shares:
                  
Weighted average number of common shares outstanding
    
16,981,047
   
18,449,151
     
Shares issuable under employee stock plans - weighted average
    
-
   
-
 
*
 
Dilutive effect of exercise of certain stock options
    
13,586
   
-
 
*
 
Less: Treasury stock - weighted average
    
(10,616,198
)
  
(10,639,543
)
    
                   
Weighted average number of common and common equivalent shares outstanding
    
6,378,435
   
7,809,608
     
                   
Net earnings (loss) per common and common equivalent shares
  
$
0.29
  
$
(0.26
)
    
                   
 
 
 * The effect of stock options in the amount of 9,178 shares and 17,003 shares issuable under employee stock plans were not considered as the effect is antidilutive.