EXHIBIT 11
DAIRY MART CONVENIENCE STORES, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATIONS OF PER-SHARE EARNINGS
(in thousands, except per share amounts)
CALCULATION OF EARNINGS PER SHARE
For the Third Fiscal For the Three Fiscal
Quarter Ended Quarters Ended
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November 3, October 28, November 4, October 28,
2001 2000 2001 2000
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Net income (loss). . . . . . . . . . . $(10,502) $ (4,148) $(39,505) $ (6,939)
Weighted average shares . . . . . . . . . 5,006 4,980 5,005 4,931
Dilutive options. . . . . . . . . . . . - 373 - 200
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Total shares for EPS purposes . . . . . . 5,006 5,353 5,005 5,131
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Earnings (loss) per share - Basic . . . . . $ (2.10) $ (0.83) $ (7.89) $ (1.41)
Earnings (loss) per share - Diluted. . . . . $ (2.10) $ (0.83) $ (7.89) $ (1.41)
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