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EXHIBIT 11
THE GYMBOREE CORPORATION
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
13 Weeks Ended 39 Weeks Ended
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October 31, November 1, October 31, November 1,
1998 1997 1998 1997
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NET INCOME (LOSS) $ (273) $10,865 $ 3,044 $24,040
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Weighted average number of shares
outstanding during the period:
Common Stock 24,172 24,570 24,148 24,589
Add incremental shares from assumed
exercise of stock options -- 288 62 350
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Weighted average common and common
equivalent shares outstanding 24,172 24,858 24,210 24,939
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BASIC NET INCOME (LOSS) PER SHARE $ (0.01) $ 0.44 $ 0.13 $ 0.98
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DILUTED NET INCOME (LOSS) PER SHARE $ (0.01) $ 0.44 $ 0.13 $ 0.96
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No potential common shares were included in the computation of diluted
per-share amounts for the periods presented during which a loss from operations
was recorded.
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