EX-11 4 a2127887zex-11.htm EXHIBIT 11
QuickLinks -- Click here to rapidly navigate through this document

EXHIBIT 11

GOLDEN STATE VINTNERS, INC.

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

(IN THOUSANDS, EXCEPT PER SHARE DATA)

Basic and fully diluted earnings per share ("EPS") are determined as follows:

		Three Months Ended December 31,				Six Months Ended December 31,
		2003		2002		2003		2002
Basic EPS Computation
Numerator:
	Net income	$	4,282	$	3,292	$	6,111	$	4,102

Denominator:
	Weighted average common shares		9,513		9,513		9,513		9,513

Basic EPS		$	0.45	$	0.35	$	0.64	$	0.43

Diluted EPS Computation
Numerator:
	Net income and assumed conversions	$	4,282	$	3,292	$	6,111	$	4,102

Denominator:
	Weighted average common shares outstanding		9,513		9,513		9,513		9,513
	Stock options		23		—		16		—

	Adjusted weighted average common shares		9,536		9,513		9,529		9,513

Diluted EPS		$	0.45	$	0.35	$	0.64	$	0.43