EXHIBIT 11
TELLABS, INC.
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
(In thousands, except per share data)
Three Months Ended Nine Months Ended
Sept. 29, Sept. 30, Sept. 29, Sept. 30,
1995 1994 * 1995 1994 *
--------- --------- --------- ---------
PRIMARY EARNINGS PER SHARE
- ------------------------------------
Weighted average number of common
shares outstanding during the period 88,455 86,965 88,049 86,686
Net additional shares assuming
dilutive stock options exercised and
proceeds used to purchase treasury
shares at average fair market value 3,471 3,791 3,530 3,671
--------- --------- --------- ---------
Weighted average number of common
shares and common equivalent shares
outstanding 91,926 90,756 91,579 90,357
========= ========= ========= =========
Net earnings $27,441 $18,098 $77,500 $46,314
========= ========= ========= =========
Primary earnings per share $0.30 $0.20 $0.85 $0.51
========= ========= ========= =========
FULLY DILUTED EARNINGS PER SHARE
- ------------------------------------
Weighted average number of common
shares outstanding during the period 88,455 86,965 88,049 86,686
Net additional shares assuming
dilutive stock options exercised and
proceeds used to purchase treasury
shares at average fair market value 3,471 3,982 3,639 3,751
--------- --------- --------- ---------
Weighted average number of common
shares and common equivalent shares
outstanding 91,926 90,947 91,688 90,437
========= ========= ========= =========
Net earnings $27,441 $18,098 $77,500 $46,314
========= ========= ========= =========
Fully diluted earnings per share $0.30 $0.20 $0.85 $0.51
========= ========= ========= =========
* 1994 share amounts are restated to give effect to the two-for-one
stock split effective May 19, 1995.
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