1 Exhibit (11) COMPUTATIONS OF INCOME/(LOSS) PER COMMON SHARE RUSSELL CORPORATION AND SUBSIDIARIES Year Ended -------------------------------------------------- December 30, January 1, January 2, 2000 2000 1999 ------------ ----------- ------------ Basic: Net Income (Loss) $14,515,000 $ 8,388,000 $(10,379,000) =========== =========== ============ Weighted Average Common Shares Outstanding 32,405,926 33,842,751 36,216,571 =========== =========== ============ Income (Loss) $ .45 $ .25 $ (.29) per Share-Basic =========== =========== ============ Diluted: Net Income (Loss) $14,515,000 $ 8,388,000 $(10,379,000) =========== =========== ============ Weighted Average Common Shares Outstanding 32,405,926 33,842,751 36,216,571 Net Effect of Dilutive Stock Options 280,080 23,750 -0- ----------- ----------- ------------ Total 32,686,006 33,866,501 36,216,571 =========== =========== ============ Income (Loss) $ .44 $ .25 $ (.29) Per Share-Diluted =========== =========== ============ IV-13