EX-11 5 d25869_ex11.txt COMPUTATION OF EARNINGS PER COMMON SHARE Comdisco, Inc. and Subsidiaries Exhibit 11.00 COMPUTATION OF EARNINGS PER COMMON SHARE (in millions except per share data) Average shares used in computing earnings (loss) per common and common equivalent share were as follows:
Three Months Six Months ended ended March 31, March 31, 2001 2000 2001 2000 -------- -------- -------- -------- Average shares outstanding--basic 152 151 152 152 Effect of dilutive options -- 12 4 11 -------- -------- -------- -------- Average shares outstanding--diluted 152 163 156 163 ======== ======== ======== ======== Net earnings (loss) to common stockholders $ (54) $ 43 $ 34 $ 84 Net earnings (loss) per common share: Earnings (loss) per common share-basic: Earnings (loss) from continuing operations $ (.05) $ .47 $ .54 $ .86 Loss from discontinued operations (.30) (.19) (.33) (.31) Cumulative effect of change in accounting principle -- -- .01 -- -------- -------- -------- -------- $ (.35) $ .28 $ .22 .55 ======== ======== ======== ======== Earnings (loss) per common share-diluted: Earnings (loss) from continuing operations $ (.05) $ .44 $ .53 $ .80 Loss from discontinued operations (.30) (.18) (.32) (.28) Cumulative effect of change in accounting principle -- -- .01 -- -------- -------- -------- -------- $ (.35) $ .26 $ .22 $ .52 ======== ======== ======== ========
In accordance with Statement of Financial Accounting Standards No.128-Earnings Per Share, no potential common shares (the assumed exercise of stock options) are included in the computation of any diluted per share amount when a loss from continuing operations exists.