EXHIBIT 11 SENECA FOODS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (In thousands except share data) Three Months Ended Six Months Ended 9/28/96 9/30/95 9/28/96 9/30/95 ------- ------- ------- ------- Net Earnings Applicable to Common Stock: Net Earnings $ 2,710 $ (10,349) $ 7,537 $ (10,294) Deduct Preferred Cash Dividends 6 6 12 12 ------------------------------------------------------------------ Net Earnings Applicable to Common Stock $ 2,704 $ (10,355) $ 7,525 $ (10,306) =================================================================== Weighted Average Common Shares Outstanding 5,939,680 5,593,110 5,939,680 5,593,110 Effect of Common Stock Equivalents - - - - ------------------------------------------------------------------- Weighted Average Common Shares Out- standing for Primary 5,939,680 5,593,110 5,939,680 5,593,110 ================================================================== Primary and Fully Diluted Earnings Per Share $ .46 $ (1.85) $ 1.27 $ (1.84) =================================================================