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Previous: AMES DEPARTMENT STORES INC, 10-Q, EX-10, 2000-12-12 |
Next: AMES DEPARTMENT STORES INC, 10-Q, EX-12, 2000-12-12 |
<TABLE>
Exhibit 11
AMES DEPARTMENT STORES, INC. AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(In Thousands, Except Per Share Amounts)
For the Thirteen For the Thirty-Nine
Weeks Ended Weeks Ended
--------------------------- -----------------------------
<S> <C> <C> <C> <C>
Oct. 28, Oct. 30, Oct. 28, Oct. 30,
2000 1999 2000 1999
----------- ------------ ------------- ------------
Loss before Cumulative Effect adjustment $(37,236) $(27,700) $(88,432) $(77,817)
Cumulative Effect adjustment, net of tax - - - (1,107)
----------- ------------ ------------- ------------
Net loss (37,236) (27,700) (88,432) (78,924)
=========== ============ ============= ============
For Basic Earnings Per Share:
Weighted average number of common shares outstanding
during the period (b) 29,407 29,109 29,378 27,027
Basic net loss per share:
Basic net loss per share before Cumulative Effect
adjustment (1.27) (0.95) (3.01) (2.88)
Cumulative Effect Adjustment, net of tax - - - (0.04)
----------- ------------ ------------- ------------
Basic net loss per share $(1.27) $(0.95) $(3.01) $(2.92)
=========== ============ ============= ============
For Diluted Earnings Per Share:
Weighted average number of common shares outstanding
during the period (b) 29,407 29,109 29,378 27,027
Add common stock equivalent shares represented by:
Series B Warrants (a) (a) (a) (a)
Series C Warrants (a) (a) (a) (a)
Options under 1994 Management Stock Option
Plan, 1998 Stock Incentive Plan, 1994 Non-
Employee Director Stock Option Plan and 2000
Store Manager Stock Option Plan (a) (a) (a) (a)
----------- ------------ ------------- ------------
Weighted average number of common and common equivalent
shares (b) 29,407 29,109 29,378 27,027
=========== ============ ============= ============
Diluted net loss per share before Cumulative Effect
adjustment (1.27) (0.95) (3.01) (2.88)
Cumulative Effect Adjustment, net of tax - - - (0.04)
----------- ------------ ------------- ------------
Diluted net loss per share $(1.27) $(0.95) $(3.01) $(2.92)
=========== ============ ============= ============
(a) Common stock equivalents have not been included, because the effect would be anti-dilutive.
(b) The weighted average number of common shares outstanding is net of treasury stock.
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