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THE LOEWEN GROUP, INC.
Exhibit 11
COMPUTATION OF PER SHARE EARNINGS For 10-Q
EXPRESSED IN THOUSANDS OF U.S. DOLLARS EXCEPT PER SHARE AMOUNTS
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Three months ended Six months ended
June 30 June 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC
Net earnings (loss) $(76,346) $(105,330) $(53,547) $ (98,403)
Less: Preferred share dividends 2,229 1,504 4,499 3,686
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Net earnings (loss) attributable to
Common shareholders $(78,575) $(106,834) $(58,046) (102,089)
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Weighted average shares outstanding 74,145 74,104 74,145 74,082
Basic earnings (loss) per share $ (1.06) $ (1.44) $ (0.78) $ (1.38)
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FULLY DILUTED
Net earnings (loss) attributable to
Common shareholders $(78,575) $(106,834) $(58,046) $(102,089)
Less: imputed earnings reversal from
dilutive options, net of tax effect (299) 0 0 0
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Fully diluted net earnings (loss) (78,874) $(106,834) $(58,046) $(102,089)
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Weighted average shares outstanding 74,145 74,104 74,145 74,082
Shares issuable upon assumed conversion
of dilutive options 0 0 0 0
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Fully diluted shares 74,145 74,104 74,145 74,082
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Fully diluted earnings (loss) per share $ (1.05) $ (1.44) $ (0.78) $ (1.38)
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