EXHIBIT 11 DDL ELECTRONICS, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (Unaudited) Three Months Ended September 30, ------------------------ 1997 1996 ------ ------ PRIMARY EARNINGS PER SHARE: Net loss $ (128,000) $ (725,000) ========== ========== Weighted average number of common shares outstanding 24,591,103 23,017,458 Assumed exercise of options and warrants net of shares assumed reacquired 132,751 - ---------- ---------- Average common shares and common share equivalents 24,723,854 23,017,458 ========== ========== Primary earnings (loss) per share $ (.01) $ (.03) ==== ==== FULLY DILUTED EARNINGS PER SHARE: Net loss $ (128,000) $ (725,000) Add back net interest related to convertible subordinated debentures 34,000 34,000 ---------- ---------- Net loss for fully diluted computation $ (94,000) $ (691,000) ========== ========== Weighted average number of common shares outstanding 24,591,103 23,017,458 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 132,751 309,562 Assumed conversion of convertible subordinated debentures 310,206 310,206 ---------- ---------- Average fully diluted shares 25,034,060 23,637,226 ========== ========== Fully diluted earnings (loss) per share $ (.01) $ (.03) ==== ====