EX-11 8 file007.txt CALCULATION OF EARNINGS MOORE CORPORATION LIMITED EXHIBIT 11 - CALCULATION OF EARNINGS AND EARNINGS PER SHARE UNDER UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (Expressed in Thousands of U.S. Dollars, except per share data)
2001 2000 1999 --------- --------- --------- Numerator: Net earnings (loss) (1) $(269,964) $ (45,304) $ 72,884 Denominator: Basic weighted average number of shares outstanding 88,648 88,457 88,457 Add: Dilutive options 443 827 306 Add: Convertible debentures 21,692 -- -- --------- --------- --------- Diluted weighted average number of shares outstanding 110,783 (2) 89,284 (2) 88,763 --------- --------- --------- Earnings (loss) per share Basic ($3.05) ($0.51) $ 0.82 Diluted ($3.05)(2) ($0.51)(2) $ 0.82 (1) Refer to Note 24 of the Notes to the Consolidated Financial Statements on pages 44 to 47 of this Form 10-K. (2) Diluted weighted average shares outstanding were not used to calculate the diluted loss per share because the effect would be anti-dilutive. --------------------------------------------------------------------------------