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EXHIBIT 11.1
PRICESMART, INC.
COMPUTATION OF NET INCOME OR LOSS PER COMMON SHARE (BASIC AND
DILUTED) (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
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YEARS ENDED AUGUST 31,
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2001 2000 1999
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Income (loss) before extraordinary loss $ 3,733 $(5,444) $(3,892)
Extraordinary items, net of tax (349) - -
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Net income (loss) $ 3,384 $(5,444) $(3,892)
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Determination of shares:
Common shares outstanding 6,254 5,386 5,120
Assumed conversion of stock options 404 - -
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Diluted average common shares outstanding 6,658 5,386 5,120
Basic earnings (loss) per share:
Income (loss) before extraordinary items $ 0.60 $ (1.01) $ (0.76)
Extraordinary items $ (0.06) $ - $ -
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Net income (loss) $ 0.54 $ (1.01) $ (0.76)
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Diluted earnings (loss) per share:
Income (loss) before extraordinary items $ 0.56 $ (1.01) $ (0.76)
Extraordinary items $ (0.05) $ - $ -
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Net income (loss) $ 0.51 $ (1.01) $ (0.76)
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