EX-11 4 a2061006zex-11.txt EXHIBIT 11 EXHIBIT 11 INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES Computation of Earnings per Common Share (unaudited) (in thousands, except per share amounts)
THREE MONTHS ENDED SIX MONTHS ENDED -------------------- -------------------- Sept. 1, Aug. 26, Sept. 1, Aug. 26, 2001 2000 2001 2000 --------------------------------------------------------------------------------- Average shares of common stock outstanding 18,816 18,740 18,789 18,738 Dilutive potential common shares 245 144 228 83 --------------------------------------------------------------------------------- Total adjusted average shares 19,061 18,884 19,017 18,821 ================================================================================= Net earnings applicable to common stock $ 2,794 $ 5,279 $ 4,880 $10,029 ================================================================================= Earnings per share of common stock: Basic $ .15 $ .28 $ .26 $ .54 ================================================================================= Diluted $ .15 $ .28 $ .26 $ .53 =================================================================================
Basic earnings share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed similar to basic earnings per share except that the weighted average shares outstanding are increased to include additional shares from the assumed exercise of stock options, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options were exercised and the proceeds from such exercises were used to acquire shares of common stock at the average market price during the period.