EX-11.1 34 dex111.txt COMPUTATION OF RATIO OF EARNINGS PER SHARE EXHIBIT 11.1 EXHIBIT 11.1-STATEMENT RE: COMPUTATION OF HISTORICAL PER SHARE EARNINGS
Fiscal Year Ended --------------------------------------------------------- April 27, April 26, April 25, April 30, April 29, 1997 1998 1999 2000 2001 --------- --------- --------- --------- --------- (dollars in millions, except per share data) Numerator: Income (loss) before extraordinary item .................... $ (8.8) $ 7.5 $ 12.1 $ 32.1 $25.1 Extraordinary loss, net .................................... (12.3) -- (36.3) (1.0) -- ------ ----- ------ ------ ----- Net income(loss) ........................................... (21.1) 7.5 (24.2) 31.1 25.1 Numerator for basic earnings (loss) per share - income (loss) available to common stockholders .................... (21.1) 7.5 (24.2) 31.1 25.1 Effect of diluted securities ............................... -- -- -- -- -- ------ ----- ------ ------ ----- Numerator for diluted earnings (loss) per share- income (loss) available to common stockholders after assumed conversions ..................................... $(21.1) $ 7.5 $(24.2) $ 31.1 $25.1 ====== ===== ====== ====== ===== Denominator: Denominator for basic earnings (loss) per share - weighted - average shares .................................. 22.5 23.5 23.6 26.3 29.9 Effect of dilutive securities Employees stock options and warrants ....................... -- -- 0.3 1.6 1.6 ------ ----- ------ ------ ----- Dilutive potential common shares ........................... -- -- 0.3 1.6 1.6 ------ ----- ------ ------ ----- Denominator for diluted earnings (loss) per share - adjusted weighted - average shares and assumed conversions . 22.5 23.5 23.9 27.9 31.5 Basic earnings (loss) per share Income (loss) before extraordinary item .................... $(0.39) $0.32 $ 0.51 $ 1.22 $0.84 Extraordinary loss, net .................................... (0.55) -- (1.54) (0.04) -- ------ ----- ------ ------ ----- Net income (loss) .......................................... $(0.94) $0.32 $(1.03) $ 1.18 $0.84 ====== ===== ====== ====== ===== Diluted earnings (loss) per share Income (loss) before extraordinary item .................... $(0.39) $0.32 $ 0.51 $ 1.15 $0.80 Extraordinary loss, net .................................... (0.55) -- (1.52) (0.04) -- ------ ----- ------ ------ ----- Net income (loss) .......................................... $(0.94) $0.32 $(1.01) $ 1.11 $0.80 ====== ===== ====== ====== =====