EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
September 30,
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1996 1995
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PRIMARY EARNINGS PER SHARE:
Net income (loss) $ (725,000) $ 1,084,000
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Weighted average number of
common shares outstanding 23,017,458 16,200,911
Assumed exercise of options and warrants
net of shares assumed reacquired - 641,822
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Average common shares and common
share equivalents 23,017,458 16,842,733
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Earnings (loss) per share $(0.03) $ 0.06
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FULLY DILUTED EARNINGS PER SHARE:
Net income (loss) $ (725,000) $ 1,084,000
Add back net interest related to
convertible subordinated debentures 34,000 34,000
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Net income (loss) for
fully diluted computation $ (691,000) $ 1,118,000
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Weighted average number of common
shares outstanding 23,017,458 16,200,911
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 309,562 689,195
Assumed conversion of convertible
subordinated debentures 310,206 699,206
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Average fully diluted shares 23,637,226 17,589,312
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Earnings (loss) per share $(0.03) $ 0.06
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