EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES Page 1 OF 2
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Nine Months Ended
March 31
1996 1995
PRIMARY EARNINGS PER SHARE:
Income (loss) before extraordinary item $ 331,000 $ (550,000)
Extraordinary item 2,552,000 2,441,000
---------- ----------
Net income $ 2,883,000 $ 1,891,000
========== ==========
Weighted average number of
common shares outstanding 17,053,331 14,911,656
Assumed exercise of options and warrants
net of shares assumed reacquired 624,500 879,081
---------- ----------
Average common shares and common
share equivalents 17,677,831 15,790,737
========== ==========
Primary earnings per share:
Income (loss) before extraordinary item $ 0.02 ($ 0.03)
Extraordinary item 0.14 0.15
---- ----
Earnings per share $ 0.16 $ 0.12
==== ====
FULLY DILUTED EARNINGS PER SHARE:
Income (loss) before extraordinary item $ 331,000 $ (550,000)
Add back net interest related to
convertible subordinated debentures 131,000 101,000
---------- ----------
Income (loss) before extraordinary
item for fully diluted computation 462,000 (449,000)
Extraordinary item 2,552,000 2,441,000
---------- ----------
Net income for fully diluted computation $ 3,014,000 $ 1,992,000
========== ==========
Weighted average number of common
shares outstanding 17,053,331 14,911,656
Assumed exercise of options and warrants
net of shares assumed reacquired
under treasury stock method using
period end market price, if higher
than average market price 722,213 875,734
Assumed conversion of convertible
subordinated debentures 545,876 762,324
---------- ----------
Average fully diluted shares 18,321,420 16,549,714
========== ==========
Fully diluted earnings per share:
Income (loss) before extraordinary item $ 0.02 ($ 0.03)
Extraordinary item .14 .15
---- ----
Earnings per share $ 0.16 $ 0.12
==== ====
EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES Page 2 of 2
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
March 31
1996 1995
PRIMARY EARNINGS PER SHARE:
Income (loss) before extraordinary item $ (405,000) $ 167,000
Extraordinary item 2,552,000 -
---------- ----------
Net income (loss) $ 2,147,000 $ 167,000
========== ==========
Weighted average number of
common shares outstanding 18,476,959 15,257,663
Assumed exercise of options and warrants
net of shares assumed reacquired 587,542 755,138
---------- ----------
Average common shares and common
share equivalents 19,064,501 16,012,801
========== ==========
Primary earnings (loss) per share:
Income (loss) before extraordinary item ($ 0.02) $ 0.01
Extraordinary item 0.13 -
---- ----
Earnings (loss) per share $ 0.11 $ 0.01
==== ====
FULLY DILUTED EARNINGS PER SHARE:
Income (loss) before extraordinary item $ (405,000) $ 167,000
Add back net interest related to
convertible subordinated debentures 64,000 34,000
--------- ---------
Income (loss) before extraordinary item
for fully diluted computation (341,000) 201,000
Extraordinary item 2,552,000 -
--------- ---------
Net income (loss) for fully diluted
computation $ 2,211,000 $ 201,000
========= =========
Weighted average number of common
shares outstanding 18,476,959 15,257,663
Assumed exercise of options and warrants
net of shares assumed reacquired
under treasury stock method using
period end market price, if higher
than average market price 588,438 795,366
Assumed conversion of convertible
subordinated debentures 989,084 761,047
---------- ----------
Average fully diluted shares 20,054,481 16,814,076
========== ==========
Fully diluted earnings (loss) per share:
Income (loss) before extraordinary item ($ 0.02) $ 0.01
Extraordinary item 0.13 -
---- ----
Earnings (loss) per share $ 0.11 $ 0.01
==== ====