14
General DataComm Industries, Inc. and Subsidiaries
Calculation of Earnings per Share
(In thousands except per share data)
Exhibit 11
Three months ended Nine months ended
June 30, June 30,
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1994 1993 1994 1993
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Primary earnings per share:
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Weighted average number of
common shares outstanding 16,790 15,770 16,317 15,571
Assumed exercise of certain stock
options - 1,545 - 1,176
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16,790 17,315 16,317 16,747
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Income (loss) before cumulative effect
of accounting change ($502) $1,283 ($3,188) $4,752
Cumulative effect of change in accounting
for post-retirement benefits - - (117) -
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Net income (loss) ($502) $1,283 ($3,305) $4,752
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Earnings (loss) per share:
Income (loss) before cumulative effect
of accounting change ($0.03) $0.07 ($0.19) $0.28
Cumulative effect of change in accounting
for post-retirement benefits - - ($0.01) -
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Earnings (loss) per share ($0.03) $0.07 ($0.20) $0.28
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Fully diluted earnings per share:
- - --------------------------------
Weighted average number of
common shares outstanding 16,790 15,770 16,317 15,571
Assumed exercise of certain stock
options - 1,670 - 1,653
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16,790 17,440 16,317 17,224
====== ====== ====== ======
Income (loss) before cumulative effect
of accounting change ($502) $1,283 ($3,188) $ 4,752
Cumulative effect of change in accounting
for post-retirement benefits - - (117) -
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Net income (loss) ($502) $1,283 ($3,305) $ 4,752
====== ====== ====== =======
Earnings (loss) per share:
Income (loss) before cumulative effect
of accounting change ($0.03) $0.07 ($0.19) $0.28
Cumulative effect of change in accounting
for post-retirement benefits - - (0.01) -
------ ------ ------ ------
Earnings (loss) per share ($0.03) $0.07 ($0.20) $0.28
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