Exhibit 11
KEY TRONIC CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(Unaudited) YEAR ENDED
July 1, July 2, July 3,
1995 1994 1993
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Primary
Earnings
Net Income $ 4,421 NOT $ 3,849
Add after tax interest expense APPLICABLE
applicable to term debt * 0 0
Add after tax interest income
applicable to short term paper * 0 0
----------- -----------
Income applicable to common stock $ 4,421 $ 3,849
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Shares **
Weighted average shares outstanding 8,334 7,787
Assuming exercise of options reduced
by the number of shares which could
have been purchased with the proceeds
from exercise of such options * 1,519 1,315
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Adjusted common stock outstanding 9,853 9,102
=========== ===========
Primary earnings per common share $0.45 $0.42
=========== ===========
Assuming full dilution
Earnings
Net Income $ 4,421 NOT $ 3,849
Add after tax interest expense APPLICABLE
applicable to term debt *** 0 0
Add after tax interest income
applicable to short term paper *** 0 0
----------- -----------
Income applicable to common stock $ 4,421 $ 3,849
=========== ===========
Shares **
Weighted average shares outstanding 8,334 7,787
Assuming exercise of options reduced
by the number of shares which could
have been purchased with the proceeds
from exericse of such options *** 2,005 1,417
----------- -----------
Adjusted common stock outstanding 10,339 9,204
=========== ===========
Fully diluted earnings per common share $0.43 $0.42
=========== ===========
FISCAL 1994 COMPUTATION:
Net Loss ($1,060)
Weighted average shares outstanding 8,231
Net loss per common share ($0.13)
* Proceeds calculated using average market price for the year.
** Application of modified treasury stock method of calculating common stock
equivalents due to potential dilution exceeding 20% (APB Opinion No. 15).
*** Proceeds calculated using higher of average or ending market price for the
year.