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Bausch & Lomb Incorporated
Exhibit 11
Statement Regarding Computation of Per Share Earnings
(Share Amounts in Thousands Except Per Share Data)
Three Months Ended |
Six Months Ended |
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June 24, |
June 26, |
June 24, |
June 26, |
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2000 |
1999 |
2000 |
1999 |
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Earnings (in millions) |
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Earnings from continuing operations (a) |
$34.6 |
$ 28.9 |
$73.8 |
$ 43.9 |
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Earnings from discontinued operations (see Footnote 1) (b) |
- |
144.5 |
- |
151.9 |
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Net earnings |
$34.6 |
$173.4 |
$73.8 |
$195.8 |
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Actual outstanding Common and Class B shares at beginning of period |
53,077 |
57,044 |
57,376 |
56,529 |
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Sum of weighted average activity of Common and Class B shares issued for stock options, restricted stock awards and cancellations, and net activity of shares held in deferred compensation plan |
67 |
236 |
(2,458) |
473 |
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Weighted Basic Shares (c) |
53,144 |
57,280 |
54,918 |
57,002 |
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Effect of assumed exercise of |
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Common stock equivalents |
866 |
1,767 |
856 |
1,553 |
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Weighted diluted shares (d) |
54,010 |
59,047 |
55,774 |
58,555 |
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Basic Earnings Per Share: |
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Continuing Operations (a/c) |
$.65 |
$0.50 |
$1.34 |
$0.77 |
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Discontinued Operations (b/c) |
- |
2.53 |
- |
2.66 |
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Net Earnings |
$.65 |
$3.03 |
$1.34 |
$3.43 |
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Diluted Earnings Per Share: |
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Continuing Operations (a/d) |
$.64 |
$0.49 |
$1.32 |
$0.75 |
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Discontinued Operations (b/d) |
- |
2.45 |
- |
2.59 |
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Net Earnings |
$.64 |
$2.94 |
$1.32 |
$3.34 |
1
Includes after-tax gain on disposal of discontinued operations.
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