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Previous: CANANDAIGUA BRANDS INC, 10-K, EX-10, 2000-05-30 |
Next: CANANDAIGUA BRANDS INC, 10-K, EX-21, 2000-05-30 |
EXHIBIT 11.1
------------
<TABLE>
CANANDAIGUA BRANDS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(in thousands, except per share data)
<CAPTION>
For the Year Ended
February 29, For the Years Ended February 28,
------------------- ------------------------------------------
2000 1999 1998
------------------- ------------------- -------------------
Basic Diluted Basic Diluted Basic Diluted
-------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Income before extraordinary item $ 77,375 $ 77,375 $ 61,909 $ 61,909 $ 47,130 $ 47,130
Extraordinary item, net of income taxes -- -- (11,437) (11,437) -- --
-------- -------- -------- -------- -------- --------
Income applicable to common shares $ 77,375 $ 77,375 $ 50,472 $ 50,472 $ 47,130 $ 47,130
======== ======== ======== ======== ======== ========
Shares:
Weighted average common shares outstanding 18,054 18,054 18,293 18,293 18,672 18,672
Adjustments:
Stock options -- 445 -- 461 -- 433
-------- -------- -------- -------- -------- --------
Adjusted weighted average common shares
outstanding 18,054 18,499 18,293 18,754 18,672 19,105
======== ======== ======== ======== ======== ========
Earnings per common share:
Income before extraordinary item $ 4.29 $ 4.18 $ 3.38 $ 3.30 $ 2.52 $ 2.47
Extraordinary item -- -- (0.62) (0.61) -- --
-------- -------- -------- -------- -------- --------
Earnings per common share $ 4.29 $ 4.18 $ 2.76 $ 2.69 $ 2.52 $ 2.47
======== ======== ======== ======== ======== ========
</TABLE>
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