Bausch & Lomb Incorporated
Exhibit 11
Statement Regarding Computation of Per Share Earnings
(Share Amounts in Thousands Except Per Share Data)
(Dollar Amounts in Millions Except Per Share Data)
2001 | 2000 | |
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Income from continuing operations | $ 42.0 | $82.0 |
Sale price adjustment related to disposal of discontinued operations, net | (21.1) | - |
Gain on early extinguishment of debt | - | 1.4 |
Change in accounting principle, net | 0.3 | - |
Net Income | $ 21.2 | $83.4 |
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Basic Net Income Per Common Share: |
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Continuing operations | $ 0.78 | $1.51 |
Sale price adjustment related to disposal of discontinued operations, net | (0.39) | - |
Gain on early extinguishment of debt | - | 0.03 |
Change in accounting principle, net | - | - |
Net income per common share | $ 0.39 | $1.54 |
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Diluted Net Income Per Common Share: |
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Continuing operations | $ 0.78 | $1.49 |
Sale price adjustment related to disposal of discontinued operations, net | (0.39) | - |
Gain on early extinguishment of debt | - | 0.03 |
Change in accounting principle, net | - | - |
Net income per common share | $0.39 | $1.52 |
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Basic average common shares outstanding (000s) | 53,578 | 54,162 |
Dilutive effect of stock options (000s) | 137 | 562 |
Diluted average common shares outstanding (000s) | 53,715 | 54,724 |
Antidilutive outstanding stock options were excluded from the calculation of average shares outstanding. Total options excluded, in thousands, were 2,946 in 2001 and 2,384 in 2000. |