Ames Department Stores Inc – ‘10-Q’ for 10/28/00 – EX-11

On:  Tuesday, 12/12/00, at 8:34pm ET   ·   For:  10/28/00   ·   Accession #:  6071-0-16   ·   File #:  1-05380

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      15     92K 
 2: EX-3        Amended and Restated By-Laws                          17±    69K 
 3: EX-10       Credit Agreement Amendment                            11     50K 
 4: EX-11       Earnings Per Share                                     2±     9K 
 5: EX-12       Ratio of Earnings to Fixed Charges                     2±     9K 
 6: EX-27       Financial Data Schedule                                1      6K 

EX-11   —   Earnings Per Share

                                                        [Enlarge/Download Table]

                                                                                                         Exhibit 11   

                                AMES DEPARTMENT STORES, INC. AND SUBSIDIARIES                                         
                          SCHEDULE OF COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE                             
                                (In Thousands, Except Per Share Amounts)                                              

                                                                For the Thirteen             For the Thirty-Nine      
                                                                  Weeks Ended                    Weeks Ended          
                                                           ---------------------------   -----------------------------
                                                                                                                      
                                                            Oct. 28,       Oct. 30,        Oct. 28,        Oct. 30,   
                                                              2000           1999            2000            1999     
                                                           -----------    ------------   -------------    ------------
Loss before Cumulative Effect adjustment                    $(37,236)       $(27,700)       $(88,432)       $(77,817) 
Cumulative Effect adjustment, net of tax                       -               -              -               (1,107) 
                                                           -----------    ------------   -------------    ------------
     Net loss                                                (37,236)        (27,700)        (88,432)        (78,924) 
                                                           ===========    ============   =============    ============
For Basic Earnings Per Share:                                                                                         
Weighted average number of common shares outstanding                                                                  
during the period (b)                                          29,407          29,109          29,378          27,027 
Basic net loss per share:                                                                                             
Basic net loss per share before Cumulative Effect                                                                     
adjustment                                                     (1.27)          (0.95)          (3.01)          (2.88) 
Cumulative Effect Adjustment, net of tax                       -               -              -                (0.04) 
                                                           -----------    ------------   -------------    ------------
     Basic net loss per share                                 $(1.27)         $(0.95)         $(3.01)         $(2.92) 
                                                           ===========    ============   =============    ============
For Diluted Earnings Per Share:                                                                                       
Weighted average number of common shares outstanding                                                                  
during the period (b)                                          29,407          29,109          29,378          27,027 
Add common stock equivalent shares represented by:                                                                    
     Series B Warrants                                        (a)             (a)            (a)              (a)     
     Series C Warrants                                        (a)             (a)            (a)              (a)     
     Options under 1994 Management Stock Option                                                                       
     Plan, 1998 Stock Incentive Plan, 1994 Non-                                                                       
     Employee Director Stock Option Plan and 2000                                                                     
     Store Manager Stock Option Plan                          (a)             (a)            (a)              (a)     
                                                           -----------    ------------   -------------    ------------
Weighted average number of common and common equivalent                                                               
shares (b)                                                     29,407          29,109          29,378          27,027 
                                                           ===========    ============   =============    ============
Diluted net loss per share before Cumulative Effect                                                                   
adjustment                                                     (1.27)          (0.95)          (3.01)          (2.88) 
Cumulative Effect Adjustment, net of tax                       -               -              -                (0.04) 
                                                           -----------    ------------   -------------    ------------
     Diluted net loss per share                               $(1.27)         $(0.95)         $(3.01)         $(2.92) 
                                                           ===========    ============   =============    ============

(a)  Common stock equivalents have not been included, because the effect would be anti-dilutive.                      
(b)  The weighted average number of common shares outstanding is net of treasury stock.                               

Page - 38