EX-11 3 ex11902.txt EXHIBIT 11 SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data)
Three Months Ended Six Months Ended ------------------ ---------------- 9/28/02 9/29/01 9/28/02 9/29/01 ------- ------- ------- ------- Basic Net Earnings (Loss) Applicable to Common Stock: Net Earnings (Loss) $ 2,090 $ (416) $ 4,022 $ (1,702) Deduct Preferred Cash Dividends 6 6 12 12 --------------------------------------------------------------------- Net Earnings (Loss) Applicable to Common Stock $ 2,084 $ (422) $ 4,010 $ (1,714) ====================================================================== Weighted Average Common Shares Outstanding for Primary Earnings per Share 6,591 6,585 6,590 6,583 ====================================================================== Basic Earnings (Loss) Per Share $ .32 $ (.06) $ .61 $ (.26) ====================================================================== Diluted Net Earnings (Loss) Applicable to Common Stock: Net Earnings (Loss) Applicable to Common Stock $ 2,084 $ (422) $ 4,010 $ (1,714) Add Back Preferred Cash Dividends 5 - 10 - ---------------------------------------------------------------------- Net Earnings (Loss) Applicable to Common Stock $ 2,089 $ (422) $ 4,020 $ (1,714) ====================================================================== Weighted Average Common Shares Outstanding 6,591 6,585 6,590 6,583 Effect of Convertible Preferred Stock 3,634 - 3,635 - ---------------------------------------------------------------------- Weighted Average Common Shares Outstanding for Diluted Earnings per Share 10,225 6,585 10,225 6,583 ===================================================================== Diluted Earnings (Loss) Per Share $ .20 $ (.06) $ .39 $ (.26) =====================================================================