EX-11.2 4 exh11_2.htm COMPUTATION OF EARNINGS PER SHARE - BASIC exh11_2.htm
EXHIBIT 11.2
 
CPI CORP. COMPUTATION OF EARNINGS (LOSS) PER SHARE - BASIC
FISCAL YEARS ENDED FEBRUARY 2, 2008, FEBRUARY 3, 2007 AND FEBRUARY 4, 2006

 
thousands except share and per share data
              
2005
  
   
2007
    
2006
    
(restated)
  
                   
Common shares outstanding at beginning of fiscal period
     16,975,343       18,569,964       18,432,779  
Shares issued during the period - weighted average
     34,917       45,501       60,956  
Retirement of common shares acquired through
                        
Dutch Auction self-tender offer - weighted average
     -       (1,644,938 )     -  
Less:
Treasury stock - weighted average
     (10,619,299 )     (10,617,552 )     (10,639,543 )
                         
Weighted average number of common and common
                        
equivalent shares
     6,390,961       6,352,975       7,854,192  
                         
Net earnings (loss) applicable to common shares:
                        
From continuing operations
   $ 3,773     $ 16,327     $ 8,872  
From discontinued operations
     (197 )     -       -  
                         
Net earnings
   $ 3,576     $ 16,327     $ 8,872  
                         
Net earnings (loss) per common and common
                        
equivalent shares:
                        
From continuing operations
   $ 0.59     $ 2.57     $ 1.13  
From discontinued operations
     (0.03 )     -       -  
                         
Earnings per common share
   $ 0.56     $ 2.57     $ 1.13