EX-11 2 0002.txt EXHIBIT 11 SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data) Three Months Ended 7/1/00 7/3/99 ------ ------ Basic Net Earnings Applicable to Common Stock: Net Earnings $ 1,290 $ 35 Deduct Preferred Cash Dividends 6 6 --------------------- Net Earnings Applicable to Common Stock $ 1,284 $ 29 ===================== Weighted Average Common Shares Outstanding 6,571,216 6,388,174 Effect of Common Stock Equivalent - - --------------------- Weighted Average Common Shares Outstanding for Primary Earnings per Share 6,571,216 6,388,174 ===================== Basic Earnings Per Share $ .20 $ .00 ===================== Diluted Net Earnings Applicable to Common Stock: Net Earnings Applicable to Common Stock $ 1,284 $ 29 Add Back Preferred Cash Dividends 5 5 --------------------- Net Earnings Applicable to Common Stock $ 1,289 $ 34 ===================== Weighted Average Common Shares Outstanding 6,571,216 6,388,174 Effect of Common Stock Equivalent 3,654,059 3,836,821 ---------------------- Weighted Average Common Shares Outstanding for Diluted Earnings per Share 10,225,275 10,224,995 ====================== Diluted Earnings Per Share $ .13 $ .00 ======================