Exhibit 11.4
Microsemi Corporation and Subsidiaries
Earnings Per Share
For the thirteen and twenty-six weeks
ended March 31, 1996 and April 2, 1995
(in thousands, except per share data)
13 Weeks ended 26 Weeks ended
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March 31, April 2, March 31, April 2,
1996 1995 1996 1995
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PRIMARY
Net income $ 1,828 $ 1,348 $ 3,257 $ 2,361
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Outstanding shares 7,824 7,630 7,824 7,630
Equivalent shares from stock options 408 363 440 359
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Primary common and common
equivalent shares 8,232 7,993 8,264 7,989
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Primary earnings per share $ 0.22 $ 0.17 $ 0.39 $ 0.30
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FULLY DILUTED
Net earnings $ 1,828 $ 1,348 $ 3,257 $ 2,361
Interest savings from conversion
of convertible debt 323 333 646 667
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Fully diluted income $ 2,151 $ 1,681 $ 3,903 $ 3,028
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Outstanding shares 7,824 7,630 7,824 7,630
Equivalent shares from stock options 408 420 440 420
Convertible shares 3,523 3,523 3,523 3,523
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Fully diluted common and common
equivalent shares 11,755 11,573 11,787 11,573
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Fully diluted earnings per share $ 0.18 $ 0.15 $ 0.33 $ 0.26
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