EX-11 2 a2050675zex-11.htm EXHIBIT 11 Prepared by MERRILL CORPORATION
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 11

CASCADE CORPORATION

COMPUTATION OF EARNINGS PER SHARE

(Unaudited—in thousands except per share data)

 
   Quarter Ended April 30
 
   2001
   2000
 
   Income
(Numerator)
   Shares
(Denominator)
   Per Share
Amount
   Income
(Numerator)
   Shares
(Denominator)
   Per Share
Amount
Net income   $ 4,928             $ 5,171          
Less: preferred stock dividend     —               80          
   
           
         
BASIC EPS                                
Income available to common shareholders     4,928   11,440   $ 0.43     5,091   11,440   $ 0.45
             
           
Effect of dilutive securities         53                      
Mandatorily redeemable convertible preferred stock     —   800           80   800      
   
 
       
 
     
DILUTED EPS                                
Income available to common shareholder plus assumed conversions   $ 4,928   12,293   $ 0.40   $ 5,171   12,240   $ 0.42
   
 
 
 
 
 


QuickLinks

Exhibit 11
CASCADE CORPORATION COMPUTATION OF EARNINGS PER SHARE (Unaudited—in thousands except per share data)