EXHIBIT NO. 11
COMPUTER PRODUCTS, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS - PRIMARY
FOR THE YEARS ENDED THE FRIDAY NEAREST
DECEMBER 31, 1994, 1993 AND 1992
(AMOUNTS IN THOUSANDS)
1994 1993 1992
Weighted average shares outstanding 20,229 20,097 19,950
Net effect of dilutive stock options -
based on the treasury stock method
using average market price. 700 677 1,053
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Weighted average number of common
and equivalent shares outstanding 20,929 20,774 21,003
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EXHIBIT NO. 11 (CONTINUED)
COMPUTER PRODUCTS, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS - FULLY DILUTED
FOR THE YEARS ENDED THE FRIDAY NEAREST
DECEMBER 31, 1994, 1993 AND 1992
(AMOUNTS IN THOUSANDS EXCEPT PER SHARE DATA)
1994 1993 1992
Shares outstanding 20,303 20,141 19,973
Net effect of dilutive stock options -
based on the treasury stock method using
the greater of month end market price or
average market price 1,063 677 1,053
Assumed conversion of convertible
subordinated debentures 7,218 7,329 7,329
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Totals 28,584 28,147 28,355
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* * * * *
Income after taxes $6,059 $ 597 $2,002
Add convertible debenture interest and
amortization, net of applicable federal
income taxes 2,260 2,064 2,157
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$8,319 $2,661 $4,159
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Per share amounts $ 0.29 $ 0.09 $ 0.15
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Net income $6,059 $2,867 $2,676
Add convertible debenture interest and
amortization, net of applicable federal
income taxes 2,260 2,064 3,140
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$8,319 $4,931 $5,816
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Per share amounts $ 0.29 $ 0.18 $ 0.21
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<F/N>
This calculation is submitted in accordance with Regulation S-K Item 601(b)(1),
although it is contrary to paragraph 40 of APB Opinion No. 15 because it
produces an antidilutive result.