Exhibit 11.1
PRICESMART, INC.
COMPUTATION OF NET INCOME OR LOSS
PER COMMON SHARE (BASIC AND DILUTED)
(amounts in thousands, except per share data)
| Years Ended August 31, | |||||||||||
| Restated 2002 | 2001 | 2000 | |||||||||
Income (loss) available to common stockholders before extraordinary item | $ | 10,444 | $ | 3,613 | $ | (5,444 | ) | ||||
Extraordinary item, net of tax | — | (229 | ) | — | |||||||
Net income (loss) available to common stockholders | $ | 10,444 | $ | 3,384 | $ | (5,444 | ) | ||||
Determination of shares: | |||||||||||
Common shares outstanding | 6,455 | 6,254 | 5,386 | ||||||||
Assumed conversion of: | |||||||||||
Stock options | 286 | 404 | — | ||||||||
Preferred stock | — | — | — | ||||||||
Warrants | — | — | — | ||||||||
Diluted average common shares outstanding | 6,741 | 6,658 | 5,386 | ||||||||
Basic earnings (loss) per share: | |||||||||||
Income (loss) available to common stockholders before extraordinary item | $ | 1.62 | $ | 0.58 | $ | (1.01 | ) | ||||
Extraordinary item, net of tax | $ | — | $ | (0.04 | ) | $ | — | ||||
Net income (loss) available to common stockholders | $ | 1.62 | $ | 0.54 | $ | (1.01 | ) | ||||
Diluted earnings (loss) per share: | |||||||||||
Income (loss) available to common stockholders before extraordinary item | $ | 1.55 | $ | 0.54 | $ | (1.01 | ) | ||||
Extraordinary item, net of tax | $ | — | $ | (0.03 | ) | $ | — | ||||
Net income (loss) available to common stockholders | $ | 1.55 | $ | 0.51 | $ | (1.01 | ) | ||||
