EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
December 31,
------------------------
1996 1995
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PRIMARY EARNINGS PER SHARE:
Net loss $ (531,000) $ (348,000)
========== ==========
Weighted average number of
common shares outstanding 23,048,233 16,485,249
Assumed exercise of options and warrants
net of shares assumed reacquired - -
---------- ----------
Average common shares and common
share equivalents 23,048,233 16,485,249
========== ==========
Earnings (loss) per share $(0.02) $(0.02)
==== ====
FULLY DILUTED EARNINGS PER SHARE:
Net loss $ (531,000) $ (348,000)
Add back net interest related to
convertible subordinated debentures 34,000 34,000
---------- ----------
Net loss for fully
diluted computation $ (497,000) $ (314,000)
========== ==========
Weighted average number of common
shares outstanding 23,048,233 16,485,249
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 224,219 815,175
Assumed conversion of convertible
subordinated debentures 310,206 663,992
---------- ----------
Average fully diluted shares 23,582,658 17,964,416
========== ==========
Loss per share $(0.02) $(0.02)
==== ====
EXHIBIT 11
DDL ELECTRONICS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Six Months Ended
December 31,
------------------------
1996 1995
------ ------
PRIMARY EARNINGS PER SHARE:
Net income (loss) $(1,256,000) $ 736,000
========== ==========
Weighted average number of
common shares outstanding 23,032,845 16,341,517
Assumed exercise of options and warrants
net of shares assumed reacquired - 643,849
---------- ----------
Average common shares and common
share equivalents 23,032,845 16,985,366
========== ==========
Earnings (loss) per share $(0.05) $ 0.04
==== ====
FULLY DILUTED EARNINGS PER SHARE:
Net income (loss) $(1,256,000) $ 736,000
Add back net interest related to
convertible subordinated debentures 67,000 67,000
---------- ----------
Net income (loss) for
fully diluted computation $(1,189,000) $ 803,000
========== ==========
Weighted average number of common
shares outstanding 23,032,845 16,341,517
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 266,890 704,683
Assumed conversion of convertible
subordinated debentures 310,206 673,135
---------- ----------
Average fully diluted shares 23,609,941 17,719,335
========== ==========
Earnings (loss) per share $(0.05) $ 0.05 (a)
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(a) Fully diluted earnings per share is anti-dilutive for fiscal 1996.