Microsemi Corporation and Subsidiaries
Unaudited Earnings Per Share Calculation
(in thousands, except earnings per share)
13 Weeks Ended 13 Weeks Ended
December 29, 1996 December 31, 1995
(amounts in 000's)
PRIMARY
Net income $ 1,889 $ 1,429
Outstanding shares 8,073 7,796
Equivalent shares from stock options 401 470
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Common and common equivalent shares 8,474 8,266
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Primary earnings per share $ 0.22 $ 0.17
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FULLY DILUTED
Net income $ 1,889 $ 1,429
Interest savings from conversion
of debt, net of income taxes 321 323
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Net income used in the computation
of fully diluted earnings per share 2,210 1,752
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Outstanding shares 8,073 7,796
Equivalent shares from stock options 470 470
Convertible shares 3,368 3,523
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Common and common equivalent shares 11,911 11,789
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Fully diluted earnings per share $ 0.19 $ 0.15
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