EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
September 30
1995 1994
PRIMARY EARNINGS PER SHARE:
Loss from continuing operations $ (26,000) $ (2,862,000)
Income taxes 1,110,000 -
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Net income $ 1,084,000 $ 2,862,000
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Weighted average number of
common shares outstanding 16,200,911 14,474,980
Assumed exercise of stock options net of
shares assumed reacquired(1) 641,822 905,154
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Average common shares and common
share equivalents 16,842,733 15,380,134
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Primary (loss) per share:
Loss before income taxes $0.00 ($0.19)
Income tax benefit 0.07 -
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Net income (loss) $0.07 $0.19
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FULLY DILUTED EARNINGS PER SHARE:
Loss before income taxes $ (26,000) $(2,862,000)
Add back net interest related to
convertible subordinated debentures 34,000 34,000
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Net income (loss) for
fully diluted computation 8,000 (2,828,000)
Income taxes 1,110,000 -
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Net loss for fully diluted computation $ 1,118,000 $(2,828,000)
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Weighted average number of common
shares outstanding 16,200,911 14,474,980
Assumed exercise of stock options
net of shares assumed reacquired
under treasury stock method using
period end market price, if higher
than average market price 689,195 1,077,729
Assumed conversion of convertible
subordinated debentures 699,206 449,706
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Average fully diluted shares(1) 17,589,312 16,002,415
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Fully diluted earnings (loss) per share:
Net income (loss) per share
Income (loss) before income taxes $0.00 $(0.18)
Income tax benefit 0.06 -
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Net income (loss) $0.06 $(0.18)
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Note: (1) The calculated fully diluted earnings per share are antidilutive
for fiscal 1995.