CPI CORP - FORM 10-K - EX-11.1 - EXHIBIT 11.1 COMPUTATION OF INCOME (LOSS) PER SHARE-DILUTED - April 21, 2011

Attached files

file filename
10-K - CPI CORP. FY 2010 10-K - CPI CORPcpicorpfy2010.htm
EX-31.2 - EXHIBIT 31.2 CERTIFICATION OF CFO - CPI CORPexh31_2.htm
EX-21.0 - EXHIBIT 21.0 SUBSIDIARIES OF THE REGISTRANT - CPI CORPexh21_0.htm
EX-32.0 - EXHIBIT 32.0 CERTIFICATION OF CEO AND CFO - CPI CORPexh32_0.htm
EX-23.0 - EXHIBIT 23.0 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CPI CORPexh23_0.htm
EX-11.2 - EXHIBIT 11.2 COMPUTATION OF INCOME (LOSS) PER SHARE-BASIC - CPI CORPexh11_2.htm
EX-31.1 - EXHIBIT 31.1 CERTIFICATION OF CEO - CPI CORPexh31_1.htm
EX-10.50 - EXHIBIT 10.50 FIRST AMENDMENT TO OFFER OF EMPLOYMENT - CPI CORPexh10_50.htm
EXHIBIT 11.1
 
 
CPI CORP. COMPUTATION OF INCOME (LOSS) PER SHARE - DILUTED
FISCAL YEARS ENDED FEBRUARY 5, 2011, FEBRUARY 6, 2010, AND FEBRUARY 7, 2009
 
 
in thousands except share and per share data
                    
   
2010
    
2009
    
2008
    
                     
Common shares outstanding at beginning of fiscal period
     9,184,081       9,199,137       17,028,315    
Shares issued during the period - weighted average
     206,104       78,855       40,928    
Shares issuable under employee stock plans - weighted average
     11,187       12,921       -  
 (a)
Dilutive effect of exercise of certain stock options
     3,866       14,549       -  
 (a)
                           
Less: Treasury stock - weighted average     (2,133,566 )     (2,285,481 )     (10,559,403 )  
                           
Weighted average number of common and common equivalent shares
     7,271,672       7,019,981       6,509,840    
                           
Net income (loss) applicable to common shares:
                          
From continuing operations
   $ 11,908     $ 13,797     $ (6,724 )  
From discontinued operations
     -       -       (961 )  
                           
Net income (loss) attributable to CPI Corp.
   $ 11,908     $ 13,797     $ (7,685 )  
                           
Net income (loss) per common and common equivalent shares:
                          
From continuing operations
   $ 1.64     $ 1.97     $ (1.03 )  
From discontinued operations
     -       -       (0.15 )  
                           
Income (loss) per common share attributable to CPI Corp.
   $ 1.64     $ 1.97     $ (1.18 )  
                           
 
(a)
  
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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