EXIDE ELECTRONICS GROUP, INC.
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share data)
EXHIBIT 11
PRIMARY
Three Months Ended Six Months Ended
March 31, March 31,
------------------- -----------------
1995 1994 1995 1994
---- ---- ---- ----
Net income (loss) $(2,574) $ 522 $ (325) $2,409
Preferred stock dividends 197 198 395 396
--- --- --- ---
Net income (loss) applicable to common shareholders $(2,771) $ 324 $ (720) $2,013
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Net income (loss) per common and equivalent share $ (0.36) $ 0.04 $(0.09) $ 0.26
======= ====== ====== ======
Primary Share Base:
Weighted average number of common shares
outstanding 7,758 7,672 7,726 7,641
Weighted average number of common
stock equivalents - 128 - 137
--- ---
Weighted average number of common and
equivalent shares outstanding 7,758 7,800 7,726 7,778
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FULLY DILUTED (1)
Three Months Ended Six Months Ended
March 31, March 31,
-------------------- ------------------
1995 1994 1995 1994
---- ---- ---- ----
Net income (loss) $(2,574) $ 522 $ (325) $2,409
Add interest on convertible notes, net of taxes 188 227 377 429
--- --- --- ---
Net income (loss) applicable to common shareholders,
as adjusted $(2,386) $ 749 $ 52 $2,838
======= ====== ====== ======
Income (loss) per common and equivalent share $ (0.25) $ 0.08 $ 0.01 $ 0.30
======= ====== ====== ======
Fully Diluted Share Base:
Number of common shares outstanding,
end of period 7,765 7,683 7,770 7,683
Assumed conversion of preferred stock and
convertible notes 1,735 1,735 1,735 1,735
Weighted average number of common
stock equivalents - 123 125 123
--- --- ---
Weighted average number of common and
equivalent shares outstanding 9,500 9,541 9,630 9,541
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<FN>
(1) This calculation is submitted in accordance with Regulation S-K item 601
(b)(11), although it is contrary to APB Opinion No. 15 because it includes the
conversion of all convertible securities, even though the conversion of certain
of these securities produces an anti-dilutive effect on fully diluted earnings
per share.
</FN>