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EXHIBIT 11
DAIRY MART CONVENIENCE STORES, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATIONS OF PER-SHARE EARNINGS
(in thousands, except per share amounts)
CALCULATION OF EARNINGS PER SHARE
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For the Second Fiscal For the Two Fiscal
Quarter Ended Quarters Ended
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July 29, July 31, July 29, July 31,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income (loss) ......................... $ 94 $1,156 $(2,788) $1,254
Weighted average shares .................... 4,918 4,862 4,907 4,858
Dilutive options ......................... 221 84 114 61
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Total shares for EPS purposes .............. 5,139 4,946 5,021 4,919
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Earnings (loss) per share - Basic .......... $ 0.02 $ 0.24 $ (0.57) $ 0.26
Earnings (loss) per share - Diluted ........ $ 0.02 $ 0.23 $ (0.57) $ 0.25
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