Exhibit 11.5
Microsemi Corporation and Subsidiaries
Unaudited Earnings Per Share
For the thirteen and thirty-nine weeks ended June 30, 1996
and July 2, 1995 (in thousands, except per share data)
13 Weeks ended 39 Weeks ended
June 30, July 2, June 30, July 2,
1996 1995 1996 1995
PRIMARY
Net income $ 2,339 $ 1,698 $ 5,596 $ 4,059
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Outstanding shares 7,841 7,670 7,841 7,670
Equivalent shares from stock options 418 429 432 383
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Primary common and common
equivalent shares 8,259 8,099 8,273 8,053
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Primary earnings per share $ 0.28 $ 0.21 $ 0.68 $ 0.50
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FULLY DILUTED
Net income $ 2,339 $ 1,698 $ 5,596 $ 4,059
Interest savings from conversion
of convertible debt 323 334 969 1,000
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Fully diluted net income $ 2,662 $ 2,032 $ 6,565 $ 5,059
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Outstanding shares 7,841 7,670 7,841 7,670
Equivalent shares from stock options 418 559 432 559
Convertible shares 3,523 3,523 3,523 3,523
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Fully diluted common and common
equivalent shares 11,782 11,752 11,796 11,752
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Fully diluted earnings per share $ 0.23 $ 0.17 $ 0.56 $ 0.43
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