EXHIBIT NO. 11
COMPUTER PRODUCTS, INC. AND SUBSIDIARIES
EARNINGS PER SHARE - PRIMARY
FOR THE YEARS ENDED THE FRIDAY NEAREST
DECEMBER 31, 1996, 1995 AND 1994
(Amounts in Thousands)
1996 1995 1994
------------ ------------ -----------
Weighted average shares outstanding 23,416 21,881 20,229
Net effect of dilutive stock options -
based on the treasury stock method
using average market price 1,101 1,197 700
------------ ------------ -----------
Weighted average number of common
and equivalent shares outstanding 24,517 23,078 20,929
============ =========== ===========
EXHIBIT NO. 11 (CONTINUED)
COMPUTER PRODUCTS, INC. AND SUBSIDIARIES
EARNINGS PER SHARE- FULLY DILUTED
FOR THE YEARS ENDED THE FRIDAY NEAREST
DECEMBER 31, 1996, 1995 AND 1994
(Amounts in Thousands Except Per Share Data)
1996 1995 1994
------------- ----------- -----------
Shares outstanding 23,850 23,053 20,303
Net effect of dilutive stock options - based on the treasury stock method using
the greater of month end
market price or average market price 1,176 1,499 1,063
Assumed conversion of convertible subordinated debentures
- - 7,218
------------- ----------- -----------
Totals 25,026 24,552 28,584
============= =========== ===========
* * * * *
Income after taxes $19,578 $14,117 $6,059
Add convertible debenture interest and amortization,
net of applicable federal income taxes - 788 2,260
------------- ----------- -----------
$19,578 $14,905 $8,319
============= =========== ===========
Per share amounts $ 0.78 $ 0.61 $ 0.29
============= =========== ===========
Net income $19,578 $13,720 $6,059
Add convertible debenture interest and amortization,
net of applicable federal income taxes - 788 2,260
------------- ----------- -----------
$19,578 $14,508 $8,319
============= =========== ===========
Per share amounts $ 0.78 $ 0.59 $ 0.29
============= =========== ===========