Exhibit 11.3
Microsemi Corporation and Subsidiaries
Unaudited Earnings Per Share
(in thousands, except per share data)
13 weeks ended 13 weeks ended
December 31, 1995 January 1, 1995
----------------- ---------------
PRIMARY
Net earnings $ 1,429 $ 1,013
====== ======
Outstanding shares 7,796 7,615
Equivalent shares from stock options 470 356
------ ------
Common and common equivalent shares 8,266 7,971
====== ======
Earnings per share $ 0.17 $ 0.13
====== ======
FULLY DILUTED
Net earnings $ 1,429 $ 1,013
Interest savings from conversion of convertible debt,
net of income taxes 323 333
------ ------
$ 1,752 $ 1,346
====== ======
Outstanding shares 7,796 7,615
Equivalent shares from stock options 470 373
Convertible shares 3,523 3,523
------ ------
Common and common equivalent shares 11,789 11,511
====== ======
Earnings per share $ 0.15 $ 0.12
====== ======