MOTHERS WORK, INC. AND SUBSIDIARIES COMPUTATION OF LOSS PER COMMON SHARE For the Quarter Ended June 30, For the Nine Months Ended June 30, ------------------------------ ---------------------------------- 1997 1998 1997 1998 ---------- ----------- ----------- ------------ Common shares for Basic EPS 3,564,644 3,575,039 3,562,419 3,570,115 Effect of Dilutive Securities 139,928 -- -- -- ---------- ----------- ----------- ----------- Common shares of Diluted EPS 3,704,572 3,575,039 3,562,419 3,570,115 ========== =========== =========== =========== Net income (loss) $ 933,015 $(3,539,213) $(6,488,250) $(4,810,013) Preferred stock dividends (272,071) (292,054) (816,213) (876,162) ---------- ----------- ----------- ----------- Net income (loss) applicable to common stockholders $ 660,944 $(3,831,267) $(7,304,463) $(5,686,175) ========== =========== =========== =========== Net income (loss) per common share: Basic EPS $ 0.19 $ (1.07) $ (2.05) $ (1.59) ========== =========== =========== =========== Diluted EPS $ 0.18 $ (1.07) $ (2.05) $ (1.59) ========== =========== =========== =========== 17