Exhibit 11 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE THREE AND NINE MONTHS ENDED APRIL 27, 1996 Three Months Ended Nine Months Ended Apr. 27, 1996 Apr. 27, 1996 ------------- ------------- Fully Fully Primary Diluted Primary Diluted ------- ------- ------- ------- Reconciliation of net income per statement of income to amount used in earnings per share computation: Net Income ............................................. $ 782,820 $ 782,820 $1,945,447 $1,945,447 Assumed reduction of - Interest on short-term debt, net of tax effect on application of assumed proceeds from exercise of options subject to limitations under the Modified Treasury Stock method ............................. 7,358 6,217 45,808 28,843 ----- ----- ------ ------ Net income, as adjusted ................................ $ 790,178 $ 789,037 $1,991,255 $1,974,290 ========== ========== ========== ========== Reconciliation of weighted average number of shares outstanding to amount used in earnings per share computation: Weighted average number of shares outstanding: .................................... 4,349,517 4,349,517 4,278,380 4,278,380 Add - shares issuable from assumed exercise of options subject to limitations under the Modified Treasury Stock method ........................... 1,100,155 1,100,155 1,114,627 1,114,627 --------- --------- --------- --------- Weighted average number of shares outstanding as adjusted ......................... 5,449,672 5,449,672 5,393,007 5,393,007 ========= ========= ========= ========= Net income per common share ............................ $ .14 $ .14 $ .37 $ .37 ========== ========== ========== ========== The Company utilized the Modified Treasury Stock method for computing net income per common share. Under this method, the funds obtained by the assumed exercise of all options and warrants were applied to repurchase common stock at the average market price but limited to an amount of repurchased shares to not greater than 20 percent of the then outstanding actual common shares. Any assumed funds still available after the repurchase of 20 percent of outstanding actual common shares were assumed to be utilized to reduce the existing short-term debt. The adjustment to net income has been shown net of tax effect.