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Exhibit 11
 
AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES
SCHEDULE SETTING FORTH COMPUTATION
OF
EARNINGS PER SHARE OF CLASS A STOCK
 
(Amounts in thousands, except per share data)
 
   
Fiscal Year Ended December 31,
 
   
2011
   
2010
   
2009
 
   
(in thousands)
 
                   
Weighted average number of shares outstanding:
                 
Class A
    56,134       56,134       56,151  
                         
Basic and diluted  EPS:
                       
Loss from continuing operations attributable to Ampal’s shareholders
  $ (129,387 )     (64,645 )   $ (19,481 )
Income from discontinued operations, net of tax
    34,066       19,903       --  
Net (Loss) income attributable to Ampal’s shareholders
  $ (95,321 )     (44,742 )   $ (19,481 )
Earnings per share of Class A Stock:
                       
Loss income from continuing operations
  $ (2.30 )     (1.15 )   $ (0.35 )
Income (loss) from discontinued operations, net of tax
    0.61       0.35       --  
    $ (1.69 )     (0.80 )   $ (0.35 )
                         
Shares used in calculation
    56,134       56,134       56,151