EX-11.2 11 exh11_2.htm COMPUTATION OF INCOME (LOSS) PER SHARE - BASIC exh11_2.htm

 
CPI CORP. COMPUTATION OF INCOME (LOSS) PER SHARE - BASIC
FISCAL YEARS ENDED FEBRUARY 6, 2010, FEBRUARY 7, 2009, AND FEBRUARY 2, 2008

in thousands except share and per share data
                  
   
2009
    
2008
    
2007
  
                   
Common shares outstanding at beginning of fiscal period
     9,199,137       17,028,315       16,975,343  
Shares issued during the period - weighted average
     78,855       40,928       34,917  
Less:
Treasury stock - weighted average
     (2,285,481 )     (10,559,403 )     (10,619,299 )
                         
Weighted average number of common and common equivalent shares
      6,992,511         6,509,840       6,390,961  
                         
Net income (loss) applicable to common shares:
                        
 
From continuing operations
   $ 13,797     $ (6,724 )   $ 4,017  
  From discontinued operations     -       (961 )     (441 )
                         
Net income (loss)
   $ 13,797     $ (7,685 )   $ 3,576  
                         
Net income (loss) per common and common equivalent shares:
                        
                         
  From continuing operations   $ 1.97     $ (1.03 )   $ 0.63  
 
From discontinued operations
     -       (0.15 )     (0.07 )
                         
Income (loss) per common share
   $ 1.97     $ (1.18 )   $ 0.56