EXHIBIT 11
EXIDE ELECTRONICS GROUP, INC.
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share data)
PRIMARY
Three Months Ended Six Months Ended
March 31, March 31,
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1997 1996 1997 1996
---- ---- ---- ----
Net income (loss) before extraordinary item $ 498 $(8,991) $ 1,457 $(8,578)
Preferred stock dividends and accretion 342 67 684 67
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Net income (loss) applicable to common shareholders
before extraordinary item $ 156 $(9,058) $ 773 $(8,645)
Extraordinary item 2,376 -- 2,376 --
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Net loss applicable to common shareholders $(2,220) $(9,058) $(1,603) $(8,645)
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Income (loss) per share before extraordinary item $ 0.02 $ (0.97) $ 0.08 $ (0.93)
Extraordinary item (0.24) -- (0.24) --
----- ----- ----- -----
Net loss per common and equivalent share $ (0.22) $ (0.97) $ (0.16) $ (0.93)
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Primary Share Base:
Weighted average number of common and
equivalent shares outstanding 10,051 9,313 10,018 9,272
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FULLY DILUTED(1)
Three Months Ended Six Months Ended
March 31, March 31,
------------------ ------------------
1997 1996 1997 1996
---- ---- ---- ----
Income (loss) before extraordinary item $ 498 $(8,991) $ 1,457 $(8,578)
Extraordinary item 2,376 -- 2,376 --
----- ----- ----- -----
Net loss applicable to common shareholders $(1,878) $(8,991) $ (919) $(8,578)
======= ======= ======= =======
Income (loss) per share before extraordinary item $ 0.04 $ (0.94) $ 0.13 $ (0.89)
Extraordinary item (0.21) -- (0.21) --
----- ----- ----- -----
Net loss per common and equivalent share $ (0.17) $ (0.94) $ (0.08) $ (0.89)
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Fully Diluted Share Base:
Number of common shares outstanding,
end of period 10,052 9,313 10,052 9,424
Assumed conversion of preferred stock 1,000 198 1,000 98
Weighted average number of common
stock equivalents 62 38 44 158
--- --- --- ---
Weighted average number of common and
equivalent shares outstanding 11,114 9,549 11,096 9,680
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(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.