EXHIBIT 11.2

CPI Corp.

Computation of Per Common Share Income - Basic

(Unaudited)

in thousands, except share and per share data	12 Weeks Ended
	May 1, 2010			May 2, 2009
Basic:
Net income applicable to common shares	$	6,540		$	2,329
Shares:
Weighted average number of common and common equivalent shares outstanding		9,302,882			9,600,580
Less: Treasury stock - weighted average		(2,133,566	)		(2,651,781	)
Weighted average number of common and common equivalent shares outstanding		7,169,316			6,948,799
Net income per common and common equivalent shares	$	0.91		$	0.34