Exhibit 11
Richardson Electronics, Ltd. and Subsidiaries
Computation of Net Income per Share
Net income (loss) per share for 1994, 1993 and 1992 was computed by
dividing net income (loss) by the weighted average number of common and
common share equivalents outstanding. The treasury stock method was
applied to those stock options that would have a dilutive effect on net
income per share. The average market price of the Company's stock was used
in determining primary income per share, while the year-end market price (if
greater than the average market price) was used in determining fully diluted
net income per share.
The Company's 7 1/4% Convertible Debentures have not been included in the
calculation of income per share because their effect would be anti-dilutive.
Fully diluted income per share has not been presented on the face of the
income statement because it does not differ significantly from primary
income per share for each year.
(Shares and Amounts in Thousands)
1994 1993 1992
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Primary net income (loss) per share:
Weighted average shares outstanding 11,285 11,251 11,199
Effect of dilutive stock options 14 84 31
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Total 11,299 11,335 11,230
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Net income (loss) $(19,809) $2,802 $1,707
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Net income (loss) per share $(1.75) $0.25 $0.15
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Fully diluted net income per share:
Weighted average shares outstanding 11,285 11,251 11,199
Effect of dilutive stock options 14 98 45
-------- -------- --------
Total 11,299 11,349 11,244
Net income (loss) $(19,809) $2,802 $1,707
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Net income (loss) per share $(1.75) $0.25 $0.15
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