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EXHIBIT 11.1
THE GYMBOREE CORPORATION
COMPUTATION OF INCOME (LOSS) PER SHARE
FISCAL YEAR ENDED
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JANUARY 29, JANUARY 30, JANUARY 31,
2000 1999 1998
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(IN THOUSANDS, EXCEPT PER SHARE DATA)
Net Income (Loss)......................................... $(10,600) $ 6,241 $35,170
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Weighted average number of shares of Common Stock
outstanding during the period:
Common Stock.............................................. 24,315 24,164 24,302
Add incremental shares from assumed exercise of stock
options(1)........................................... -- 63 698
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Weighted average common and common equivalent shares
outstanding............................................. 24,315 24,227 25,000
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Basic Income (Loss) Per Share............................. $ (0.44) $ 0.26 $ 1.45
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Diluted Income (Loss) Per Share........................... $ (0.44) $ 0.26 $ 1.41
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(1) Options to purchase weighted average shares totaling 75 for the 52 weeks
ended January 29, 2000 were not included in the computation of diluted
income (loss) per share because to do so would have been antidilutive.