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EXHIBIT 11.1
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. and SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
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For Years Ended February 28 (29),
2000 1999 1998
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BASIC EARNINGS (LOSS) PER SHARE
Income from continuing operations $ 1,056,565 $ 421,428 $ 1,260,001
Loss from discontinued operations -- -- (1,020,083)
Net income $ 1,056,565 $ 421,428 $ 239,918
Weighted average number of
common shares outstanding 2,580,604 2,665,567 2,912,387
Dilutive effect of employee stock options 16,441 11,776 17,158
Weighted average common shares outstanding,
assuming dilution 2,597,045 2,677,343 2,929,545
BASIC EARNINGS (LOSS) PER COMMON SHARE
Continuing Operations $ .41 $ .16 $ .43
Discontinued Operations -- -- (.35)
Net Income (Loss) $ .41 $ .16 $ .08
DILUTED EARNINGS (LOSS) PER COMMON SHARE
Continuing Operations $ .41 $ .16 $ .43
Discontinued Operations -- -- (.35)
Net Income (Loss) $ .41 $ .16 $ .08
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