EXHIBIT 11.01
PORTOLA PACKAGING, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE (1)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Year Ended August 31,
1994 1995 1996
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Weighted average common shares
outstanding for the period 11,087 11,393 11,800
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Shares used in per share calculation 11,087 11,393 11,800
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Income (loss)before extraordinary items and cumulative
effect of change in accounting principle $1,100 $140 ($8,177)
Less the increase in the put value of warrants (455) (610) (895)
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Income (loss) before extraordinary item $645 ($470) ($9,072)
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Cumulative effect of change in accounting principle $85
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Net income (loss) $225 $140 ($9,442)
Less the increase in the put value of warrants (455) (610) (895)
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Net income (loss) ($230) ($470) ($10,337)
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Net income (loss) per share
before extraordinary item and cumulative effect of
change in accounting principle $0.06 ($0.04) ($0.77)
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Cumulative effect of change in accounting principle $0.01
Net income (loss) per share ---------
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($0.02) ($0.04) ($0.88)
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(1) There is no difference between primary and fully diluted net income (loss)
per share for all periods presented.