Attached files
EXHIBIT 11.1
CPI CORP. COMPUTATION OF INCOME (LOSS) PER SHARE - DILUTED
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FISCAL YEARS ENDED FEBRUARY 5, 2011, FEBRUARY 6, 2010, AND FEBRUARY 7, 2009
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in thousands except share and per share data
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2010
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2009
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2008
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Common shares outstanding at beginning of fiscal period
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9,184,081 | 9,199,137 | 17,028,315 | ||||||||||
Shares issued during the period - weighted average
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206,104 | 78,855 | 40,928 | ||||||||||
Shares issuable under employee stock plans - weighted average
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11,187 | 12,921 | - |
(a)
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Dilutive effect of exercise of certain stock options
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3,866 | 14,549 | - |
(a)
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Less: Treasury stock - weighted average | (2,133,566 | ) | (2,285,481 | ) | (10,559,403 | ) | |||||||
Weighted average number of common and common equivalent shares
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7,271,672 | 7,019,981 | 6,509,840 | ||||||||||
Net income (loss) applicable to common shares:
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From continuing operations
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$ | 11,908 | $ | 13,797 | $ | (6,724 | ) | ||||||
From discontinued operations
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- | - | (961 | ) | |||||||||
Net income (loss) attributable to CPI Corp.
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$ | 11,908 | $ | 13,797 | $ | (7,685 | ) | ||||||
Net income (loss) per common and common equivalent shares:
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From continuing operations
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$ | 1.64 | $ | 1.97 | $ | (1.03 | ) | ||||||
From discontinued operations
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- | - | (0.15 | ) | |||||||||
Income (loss) per common share attributable to CPI Corp.
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$ | 1.64 | $ | 1.97 | $ | (1.18 | ) | ||||||
(a)
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The effect of stock options in the amount of 10,203 shares and 20,405 shares issuable under employee stock plans were not considered as the effect was antidilutive.
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