Exhibit 11
INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES
Computation of Earnings (Loss) Per Common Share
(dollars in thousands, except per share amounts)
Years Ended
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February 28, February 29, February 28, February 28, February 28,
1997 1996 1995 1994 1993
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Average shares of common
stock outstanding 17,982,348 17,964,688 17,974,156 18,910,748 19,281,578
Common stock equivalents 22,218 81,630 17,446 104,338 245,973
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Total common stock and equivalents
assuming full dilution 18,004,566 18,046,318 17,991,602 19,015,086 19,527,551
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Earnings (loss) $ 2,780 $24,075 $57,021 $(13,438) $41,210
Less dividends on preferred stock - 260 167 174 180
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Earnings (loss) applicable
to common stock $ 2,780 $23,815 $56,854 $(13,612) $41,030
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Earnings (loss) per share of common stock:
Primary $ .15 $ 1.33 $ 3.16 $ (.72) $ 2.13
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Fully diluted $ .15 $ 1.32 $ 3.16 $ (.72) $ 2.10
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Primary earnings (loss) per share have been computed by dividing net
earnings (loss), after deduction of preferred stock dividends, by the
weighted average number of shares of common stock outstanding during the
year. Common stock options and other common stock equivalents have not
entered into the primary earnings per share computations since their effect
is not significant.
Fully diluted earnings (loss) per share have been computed assuming
issuance of all shares for stock options deemed to be common stock
equivalents, using the treasury stock method.