EXHIBIT II SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data) Three Months Ended Six Months Ended __________________ ________________ 1/29/94 1/30/93 1/29/94 1/30/93 _______ _______ _______ _______ Net Earnings Applicable to Common Stock: Net Earnings $ 1,203 $ 4 $ 5,615 $ 307 Deduct Preferred Cash Dividends 6 6 12 12 __________ _________ _________ _________ Net Earnings Applicable to Common Stock $ 1,197 $ (2) $ 5,603 $ 295 ========== ========= ========= ======== Weighted Average Common Shares Outstanding 2,918,199 3,093,666 2,968,466 3,093,666 Effect of Common Stock Equivalent - - - - _________ _________ _________ _________ Weighted Average Common Shares Out- standing for Primary 2,918,199 3,093,066 2,968,466 3,093,666 ========= ========= ========= ========= Primary and Fully Diluted Earnings Per Share $ .41 $ .00 $ 1.89 $ .10 ========= ========= ========= =========