1 EPL Technologies, Inc. EXHIBIT 11.0 Computation of Basic Earnings per Common Share and Diluted Earnings per Common Share 2 EXHIBIT 11.0 EPL TECHNOLOGIES, INC. COMPUTATION OF BASIC LOSS PER COMMON SHARE AND DILUTED LOSS PER COMMON SHARE (in thousands except per share data) - - -------------------------------------------------------------- Twelve Months Ended December 31, -------------------------------- 2000 1999 1998 -------- -------- -------- Net loss $(24,262) $(14,416) $ (7,781) Deduct: Accretion, discount and dividends on preferred stock 1,548 1,202 2,754 -------- -------- -------- Net loss for common shareholders $(25,810) $(15,618) $(10,535) ======== ======== ======== Weighted average number of common shares outstanding 32,575 14,222 10,599 ======== ======== ======== Basic loss per share $ (0.79) $ (1.10) $ (0.99) ======== ======== ======== Net loss for diluted loss per share computation $(24,262) $(14,416) $ (7,781) Weighted average number of common shares outstanding 32,575 14,222 10,599 Common share equivalent applicable to: Series A convertible preferred stock 24 40 531 Series C convertible preferred stock 0 13 Series D convertible preferred stock 0 3,615 1,238 Series A warrants 0 15 15 Series D warrants 0 202 202 Other warrants 6,148 62 75 Stock options 204 2,039 1,831 Convertible debt 83 0 0 Less common stock acquired with net proceeds 3,225 5,973 2,534 Weighted average number of common shares and common share equivalent used to compute -------- -------- -------- diluted loss per share 35,809 17,222 11,970 ======== ======== ======== Diluted loss per share $ (0.68) $ (0.65) $ (0.65) ======== ======== ========