EX-11 3 dex11.htm COMPUTATION OF NET INCOME PER ORDINARY SHARE Computation of Net Income Per Ordinary Share

EXHIBIT 11

 

Tommy Hilfiger Corporation

Computation of Net Income Per Ordinary Share

(in thousands, except per share amounts)

 

     Six Months Ended
September 30,


    Three Months Ended
September 30,


     2003

   2002

    2003

   2002

FINANCIAL STATEMENT PRESENTATION

                            

BASIC

                            

Weighted average shares outstanding

     90,595      90,194       90,610      90,490
    

  


 

  

Earnings (loss) before cumulative effect of accounting change

   $ 81,642    $ 52,262     $ 64,688    $ 60,994
    

  


 

  

Net income (loss)

   $ 81,642    $ (377,764 )   $ 64,688    $ 60,994
    

  


 

  

Earnings (loss) per share before cumulative effect of accounting change

   $ 0.90    $ 0.58     $ 0.71    $ 0.67
    

  


 

  

Net income (loss) per share

   $ 0.90    $ (4.19 )   $ 0.71    $ 0.67
    

  


 

  

DILUTED

                            

Weighted average shares outstanding

     90,595      90,194       90,610      90,490

Net effect of dilutive stock options based on the treasury stock method using average market price

     262      611       436      339
    

  


 

  

Total

     90,857      90,805       91,046      90,829
    

  


 

  

Earnings (loss) before cumulative effect of accounting change

   $ 81,642    $ 52,262     $ 64,688    $ 60,994
    

  


 

  

Net income (loss)

   $ 81,642    $ (377,764 )   $ 64,688    $ 60,994
    

  


 

  

Earnings (loss) per share before cumulative effect of accounting change

   $ 0.90    $ 0.58     $ 0.71    $ 0.67
    

  


 

  

Net income (loss) per share

   $ 0.90    $ (4.16 )   $ 0.71    $ 0.67