Exhibit 11
INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES
Computation of Earnings (Loss) per Common Share
(unaudited)
(in thousands, except per share amounts)
<TABLE>
THREE MONTHS ENDED
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May 27, May 31,
2000 1999
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<S> <C> <C>
Average shares of common stock outstanding 18,736 18,756
Dilutive potential common shares 23 91
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Total adjusted average shares 18,759 18,847
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Earnings from continuing operations $ 4,750 $ 4,562
Loss from discontinued operations - (7,800)
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Net earnings (loss) applicable to common stock $ 4,750 $(3,238)
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Basic earnings (loss) per share:
Continuing operations $ .25 $ .24
Discontinued operations - (.41)
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Total $ .25 $ (.17)
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Diluted earnings (loss) per share:
Continuing operations $ .25 $ .24
Discontinued operations - (.41)
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Total $ .25 $ (.17)
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</TABLE>
Basic earnings (loss) per share are computed by dividing net earnings
(loss) by the weighted average number of shares of common stock
outstanding during the period.
Diluted earnings per share are computed similar to basic earnings per
share except that the weighted average shares outstanding are increased
to include additional shares from the assumed exercise of stock options,
if dilutive. The number of additional shares is calculated by assuming
that outstanding stock options were exercised and that the proceeds from
such exercises were used to acquire shares of common stock at the
average market price during the period.
