EX-11.2 3 exh11_2.htm EXHIBIT 11.2 COMPUTATION OF EARNINGS (LOSS) PER SHARE - BASIC Exhibit 11.2 Computation of Earnings (Loss) Per Share - Basic
 
CPI CORP. COMPUTATION OF EARNINGS (LOSS) PER SHARE - BASIC
FISCAL YEARS ENDED FEBRUARY 3, 2007, FEBRUARY 4, 2006 AND FEBRUARY 5, 2005
 
 

 thousands except share and per share data      
2006
  
2005
  
2004
  
                   
Common shares outstanding at beginning of fiscal period
  
18,569,964
   
18,432,779
   
18,360,238
 
Shares issued during the period - weighted average
  
45,501
   
60,956
   
49,536
 
Retirement of common shares acquired through
                  
Dutch Auction self-tender offer - weighted average
          
(1,644,938
)
  
-
   
-
 
Less: Treasury stock - weighted average
    
 
    
(10,617,552
)
  
(10,639,543
)
  
(10,521,370
)
                           
Weighted average number of common and common
                  
equivalent shares
          
6,352,975
   
7,854,192
   
7,888,404
 
                           
Net earnings (loss) applicable to common shares:
                  
From continuing operations
        
$
16,327
  
$
6,389
  
$
(14,762
)
From discontinued operations
          
-
   
-
   
(3,746
)
                           
Net earnings (loss)
$
16,327
  
$
6,389
  
$
(18,508
)
                           
Net earnings (loss) per common and common
                  
equivalent shares:
                          
From continuing operations
        
$
2.57
  
$
0.81
  
$
(1.87
)
From discontinued operations
          
-
   
-
   
(0.48
)
                           
Earnings (loss) per common share
$
2.57
  
$
0.81
  
$
(2.35
)