EXIDE ELECTRONICS GROUP, INC.
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share data)
EXHIBIT 11
PRIMARY
Year Ended
September 30,
---------------------------
1995 1994 1993
---- ---- ----
Income before the cumulative effect
of accounting change $ 7,385 $ 9,175 $ 9,832
Preferred stock dividends 592 790 1,071
--- --- ---
Income applicable to common shareholders before
the cumulative effect of accounting change $ 6,793 $ 8,385 $ 8,761
------- ------- -------
Cumulative effect of accounting change - - 1,000
--- --- -----
Net income applicable to common shareholders $ 6,793 $ 8,385 $ 9,761
======= ======= =======
Income per share before the cumulative
effect of accounting change $ 0.84 $ 1.07 $ 1.21
------- ------- -------
Per share cumulative effect of accounting change - - 0.13
--- --- -----
Net income per common and equivalent share $ 0.84 $ 1.07 $ 1.34
======= ======= =======
Primary Share Base:
Weighted average number of common shares
outstanding 7,903 7,649 7,120
Weighted average number of common
stock equivalents 151 165 150
--- --- ---
Weighted average number of common and
equivalent shares outstanding 8,054 7,814 7,270
===== ===== =====
FULLY DILUTED (1)
Year Ended
September 30,
----------------------------
1995 1994 1993
---- ---- ----
Income applicable to common shareholders before
the cumulative effect of accounting change $ 7,385 $ 9,175 $ 9,832
Add interest on convertible notes, net of taxes 785 856 770
--- --- ---
Income applicable to common shareholders before
the cumulative effect of accounting change $ 8,170 $10,031 $10,602
------- ------- -------
Cumulative effect of accounting change $ - $ - $ 1,000
--- --- -------
Net income applicable to common shareholders $ 8,170 $10,031 $11,602
======= ======= =======
Income per share before the cumulative
effect of accounting change $ 0.84 $ 1.05 $ 1.11
------- ------- -------
Per share cumulative effect of accounting change - - 0.11
--- --- -----
Net income per common and equivalent share $ 0.84 $ 1.05 $ 1.22
======= ======= =======
Fully Diluted Share Base:
Number of common shares outstanding,
end of period 8,375 7,701 7,611
Assumed conversion of preferred stock and
convertible notes 1,147 1,742 1,742
Weighted average number of common
stock equivalents 151 155 168
--- --- ---
Weighted average number of common and
equivalent shares outstanding 9,673 9,598 9,521
===== ===== =====
<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>