EXHIBIT 11
SERVICE MERCHANDISE COMPANY, INC. AND SUBSIDIARIES
Computation of Net Loss Per Common Share (Unaudited)
(In thousands, except per share data)
Three Periods Ended Six Periods Ended
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June 29 June 30 June 29 June 30
1997 1996 1997 1996
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Primary
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Net loss ($17,547) ($1,822) ($124,764) ($26,537)
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Shares:
Weighted average common shares outstanding 99,296 99,201 99,279 99,192
Weighted average shares of restricted
stock outstanding 495 524 499 522
Additional shares assuming exercise of stock options 109 1,802 246 1,719
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Weighted average common shares and common
share equivalents outstanding - primary 99,900 101,527 100,024 101,433
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Primary net loss per common share ($0.18) ($0.02) ($1.25) ($0.26)
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Assuming Full Dilution
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Net loss ($17,547) ($1,822) ($124,764) ($26,537)
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Shares:
Weighted average common shares outstanding 99,296 99,201 99,279 99,192
Weighted average shares of restricted
stock outstanding 495 524 499 522
Additional shares assuming exercise of stock options 132 1,848 259 1,753
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Weighted average common shares and common
share equivalents outstanding - fully diluted 99,923 101,573 100,037 101,467
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Fully diluted net loss per common share ($0.18) ($0.02) ($1.25) ($0.26)
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