EXHIBIT 11 SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data) Three Months Ended Six Months Ended ------------------ ---------------- 9/29/01 9/30/00 9/29/01 9/30/00 ------- ------- ------- ------- Basic Net (Loss) Earnings Applicable to Common Stock: Net (Loss) Earnings $ (416) $ 2,053 $ (1,702) $ 3,343 Deduct Preferred Cash Dividends 6 6 12 12 ------------------------------------------------------------------- Net (Loss) Earnings Applicable to Common Stock $ (422) $ 2,047 $ (1,714) $ 3,331 =================================================================== Weighted Average Common Shares Outstanding for Primary Earnings per Share 6,584,591 6,575,344 6,583,475 6,573,280 =================================================================== Basic (Loss) Earnings Per Share $ (.06) $ .31 $ (.26) $ .51 =================================================================== Diluted Net (Loss) Earnings Applicable to Common Stock: Net (Loss) Earnings Applicable to Common Stock $ (422) $ 2,047 $ (1,714) $ 3,331 Add Back Preferred Cash Dividends - 5 - 10 ------------------------------------------------------------------- Net (Loss) Earnings Applicable to Common Stock $ (422) $ 2,052 $ (1,714) $ 3,341 =================================================================== Weighted Average Common Shares Outstanding 6,584,591 6,575,344 6,583,475 6,573,280 Effect of Common Stock Equivalent - 3,649,931 - 3,651,995 ------------------------------------------------------------------- Weighted Average Common Shares Outstanding for Diluted Earnings per Share 6,584,591 10,225,275 6,583,475 10,225,275 =================================================================== Diluted (Loss) Earnings Per Share $ (.06) $ .20 $ (.26) $ .33 ===================================================================