EXHIBIT NO. 11.01
PARK ELECTROCHEMICAL CORP.
AND SUBSIDIARIES
COMPUTATION OF FULLY DILUTED EARNINGS PER COMMON SHARE
(Unaudited - in thousands, except per share data)
13 weeks ended 26 weeks ended
August 27, August 28, August 27, August 28,
1995 1994 1995 1994
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ADJUSTMENT OF NET EARNINGS:
Net earnings before
adjustment $ 5,366 $ 3,756 $11,390 $ 7,426
Adjustments resulting from
assumed conversion of 7 1/4%
Convertible Subordinated
Debentures:
Reduction of interest expense
and amortization of deferred
debt financing costs - - - 389
Related tax effect of above - - - (136)
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Net earnings as adjusted $ 5,366 $ 3,756 $11,390 $ 7,679
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ADJUSTMENT OF WEIGHTED AVERAGE
NUMBER OF COMMON SHARES
OUTSTANDING:
Weighted average number of
common shares outstanding 11,478 11,344 11,463 10,312
Additional shares assuming:
Conversion of Convertible
Subordinated Debentures - - - 1,008
Exercise of Stock Options 351 200 351 192
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Adjusted weighted average number
of common shares outstanding
during the period 11,829 11,544 11,814 11,512
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Earnings per share fully
diluted $ .45 $ .33 $ .96 $ .67
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