EX-11 3 dex11.htm COMPUTATION OF NET INCOME PER ORDINARY SHARE Computation of Net Income Per Ordinary Share

 

EXHIBIT 11

 

Tommy Hilfiger Corporation

Computation of Net Income Per Ordinary Share

(in thousands, except per share amounts)

 

 

    

Nine Months Ended December 31,

   

Three Months Ended December 31,

    

2002

     

2001

   

2002

     

2001

FINANCIAL STATEMENT PRESENTATION

                                

BASIC

                                

Weighted average shares outstanding

   

 

90,322

 

   

 

89,307

   

 

90,579

 

   

 

89,622

    
  
  
  

Earnings (loss) before cumulative effect of accounting change

   

$

30,187

 

   

$

93,846

   

$

(22,075

)

   

$

36,958

    
  
  
  

Net income (loss)

   

$

(399,839

)

   

$

93,846

   

$

(22,075

)

   

$

36,958

    
  
  
  

Earnings (loss) per share before cumulative effect of accounting change

   

$

0.33

 

   

$

1.05

   

$

(0.24

)

   

$

0.41

    
  
  
  

Net income (loss) per share

   

$

(4.43

)

   

$

1.05

   

$

(0.24

)

   

$

0.41

    
  
  
  

DILUTED

                                

Weighted average shares outstanding

   

 

90,332

 

   

 

89,307

   

 

90,579

 

   

 

89,622

Net effect of dilutive stock options based on the treasury stock method using average market price

   

 

408

 

   

 

527

   

 

—  

 

   

 

483

    
  
  
  

Total

   

 

90,730

 

   

 

89,834

   

 

90,579

 

   

 

90,105

    
  
  
  

Earnings (loss) before cumulative effect of accounting change

   

$

30,187

 

   

$

93,846

   

$

(22,075

)

   

$

36,958

    
  
  
  

Net income (loss)

   

$

(399,839

)

   

$

93,846

   

$

(22,075

)

   

$

36,958

    
  
  
  

Earnings (loss) per share before cumulative effect of accounting change

   

$

0.33

 

   

$

1.04

   

$

(0.24

)

   

$

0.41

    
  
  
  

Net income (loss) per share

   

$

(4.41

)

   

$

1.04

   

$

(0.24

)

   

$

0.41