EXHIBIT 11--COMPUTATIONS OF EARNINGS PER SHARE
GTECH HOLDINGS CORPORATION AND SUBSIDIARIES
Three Months Ended Six Months Ended
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August 24, August 25, August 24, August 25,
1996 1995 1996 1995
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(In thousands, except per share amounts)
Primary: (1)
Net income ......................................... $ 17,501 $ 16,496 $ 35,704 $ 34,806
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Weighted average common shares outstanding ......... 43,087 43,320 43,087 43,320
Net effect of dilutive stock options--based on the
treasury stock method using the average
market price for the period .................... 270 288 300 233
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Totals ............................................. 43,357 43,608 43,387 43,553
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Earnings per common share .......................... $ .40 $ .38 $ .82 $ .80
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Fully diluted: (1)
Net income ......................................... $ 17,501 $ 16,496 $ 35,704 $ 34,806
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Weighted average common shares outstanding ......... 43,087 43,320 43,087 43,320
Net effect of dilutive stock options--based on the
treasury stock method using the quarter-end
market price which is higher than the average
market price ................................... 270 303 300 302
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Totals ............................................. 43,357 43,623 43,387 43,622
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Earnings per common share .......................... $ .40 $ .38 $ .82 $ .80
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(1) The primary and fully diluted earnings per share were not presented on the face of the Consolidated
Income Statements because the resulting amounts were not materially dilutive.