EX-11 4 computationeps.txt COMPUTATION OF EARNINGS (LOSS) PER SHARE EXHIBIT 11.1 FACTORY 2-U STORES, INC. COMPUTATION OF EARNINGS (LOSS) PER SHARE (in thousands, except per share data)
Fiscal Year Ended February 3, January 29, January 30, 2001 2000 1999 --------------- -------------- --------------- The computation of net income (loss) available and adjusted shares outstanding follows: Income before extraordinary item $ 21,264 $ 12,442 $ 5,019 Extraordinary item, net of income tax benefit - - 2,750 ---------- ---------- ---------- Net income 21,264 12,442 2,269 Less: ---------- ---------- ---------- Inducement to convert preferred stock to common stock - - 2,804 Series A preferred stock dividends - - 2,593 Series B preferred stock dividends - - 2,210 ---------- ---------- ---------- Net income (loss) applicable to common stock $ 21,264 $ 12,442 $ (5,338) ========== ========== ========== Weighted average number of common shares outstanding * 12,589 12,214 3,381 Add assumed exercise of: Warrants that are common stock equivalents 33 18 - Options that are common stock equivalents 444 632 - ---------- ---------- ---------- Adjusted shares outstanding, used for diluted computation 13,066 12,864 3,381 ========== ========== ========== Earnings (loss) per share: Basic: Income (loss) before extraordinary item $ 1.69 $ 1.02 $ (0.77) Extraordinary item $ - $ - $ (0.81) Net income (loss) $ 1.69 $ 1.02 $ (1.58) Diluted: Income (loss) before extraordinary item $ 1.63 $ 0.97 $ (0.77) Extraordinary item $ - $ - $ (0.81) Net income (loss) $ 1.63 $ 0.97 $ (1.58)
* The weighted average number of common shares outstanding for fiscal year 1998 has been restated for the reverse stock split (factor is .30133) which took place on November 23, 1998.