Exhibit 11.1
Microsemi Corporation and Subsidiaries
Unaudited Earnings Per Share
(in thousands, except per share data)
13 weeks 13 weeks 39 weeks 39 weeks
ended ended ended ended
July 2, July 3, July 2, July 3,
1995 1994 1995 1994
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PRIMARY
Net earnings $1,698 $1,096 $4,059 $2,417
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Outstanding shares 7,670 7,576 7,670 7,576
Equivalent shares 429 413 383 391
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Primary common and common
equivalent shares 8,099 7,989 8,053 7,967
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Primary earnings per share $0.21 $0.14 $0.50 $0.30
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FULLY DILUTED
Net earnings $1,698 $1,096 $4,059 $2,417
Interest savings from conversion
of convertible debt 334 332 1,000 90
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Fully diluted earnings $2,032 $1,428 $5,059 $2,507
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Outstanding shares 7,670 7,576 7,670 7,576
Equivalent shares 559 451 559 451
Convertible shares 3,523 3,523 3,523 1,066
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Fully diluted common and common
equivalent shares 11,752 11,550 11,752 9,093
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Fully diluted earnings per share $0.17 $0.12 $0.43 $0.28
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