EXHIBIT 11 DEL ELECTRONICS CORP. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE THREE AND NINE MONTHS ENDED APRIL 29, 1995 Three Months Ended Nine Months Ended April 29, 1995 April 29, 1995 Fully Fully Primary Diluted Primary Diluted Reconciliation of net income per statement of income to amount used in earnings per computation: Net Income ................ $ 521,916 $ 521,916 $ 1,477,746 $ 1,477,746 Add - Interest on short-term debt, net of tax effect on application of assumed proceeds from exercise of option in excess of 20% limitation (a) ............ 12,562 11,137 31,653 28,662 ----------- ----------- ----------- ----------- Net income, as adjusted ... $ 534,478 $ 533,053 $ 1,509,399 $ 1,506,408 =========== =========== =========== =========== Reconciliation of weighted average number of shares outstanding to amount used in earnings per share computation: Weighted average number of shares outstanding ........ 4,074,405 4,074,405 3,991,834 3,991,834 Add - shares issuable from assumed exercise of options in excess of 20% limitation (b) ............ 757,979 757,979 861,796 861,796 ----------- ----------- ----------- ----------- Weighted average number of shares outstanding as adjusted ............... 4,832,384 4,832,384 4,853,630 4,853,630 =========== =========== =========== =========== Net income per common share $ .11 $ .11 $ .31 $ .31 =========== =========== =========== =========== (a) Adjustments to income have been shown net of tax effect which was calculated at 30.5% of the gross amount of the adjustment. (b) As determined by application of the modified treasury stock method described in APB #15, paragraph 38.