EXHIBIT 11 SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data) Three Months Ended Nine Months Ended ------------------ ----------------- 12/28/02 12/29/01 12/28/02 12/29/01 -------- -------- -------- -------- Basic Net Earnings Applicable to Common Stock: Net Earnings $ 3,147 $ 2,290 $ 7,169 $ 588 Deduct Preferred Cash Dividends 6 6 18 18 --------------------------------------------------------------- Net Earnings Applicable to Common Stock $ 3,141 $ 2,284 $ 7,151 $ 570 ================================================================ Weighted Average Common Shares Outstanding for Basic Earnings per Share 6,591 6,585 6,590 6,584 ================================================================ Basic Earnings Per Share $ .48 $ .35 $ 1.09 $ .09 ================================================================ Diluted Net Earnings Applicable to Common Stock: Net Earnings Applicable to Common Stock $ 3,141 $ 2,284 $ 7,151 $ 570 Add Back Preferred Cash Dividends 5 5 15 15 ---------------------------------------------------------------- Net Earnings Applicable to Common Stock $ 3,146 $ 2,289 $ 7,166 $ 585 ================================================================ Weighted Average Common Shares Outstanding 6,591 6,585 6,590 6,584 Effect of Convertible Preferred Stock 3,634 3,640 3,635 3,641 ---------------------------------------------------------------- Weighted Average Common Shares Outstanding for Diluted Earnings per Share 10,225 10,225 10,225 10,225 ================================================================ Diluted Earnings Per Share $ .31 $ .22 $ .70 $ .06 ================================================================