EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
GROUP TECHNOLOGIES CORPORATION
Primary Earnings Per Share
Three Months Ended Six Months Ended
June 29, June 30, June 29, June 30,
1997 1996 1997 1996
----------- ----------- ----------- -----------
Weighted average
shares outstanding 16,220,629 16,220,629 16,220,629 16,092,887
Net effect of dilutive
stock options (based on
treasury method) 0 1,539,653 0 919,250
----------- ----------- ----------- -----------
Total 16,220,629 17,760,282 16,220,629 17,012,137
=========== =========== =========== ===========
Net income (loss) $(1,237,000) $58,000 $(4,616,000) 63,000
Net income (loss)
per share $(0.08) $0.00 $(0.28) 0.00
Fully Diluted Earnings Per Share
Three Months Ended Six Months Ended
June 29, June 30, June 29, June 30,
1997 1996 1997 1996
----------- ----------- ----------- -----------
Weighted average
shares outstanding 16,220,629 16,220,629 16,220,629 16,092,887
Net effect of dilutive
stock options (based on
treasury method) 0 1,539,653 0 919,250
----------- ----------- ----------- -----------
Total 16,220,629 17,760,282 16,220,629 17,012,137
=========== =========== =========== ===========
Net income (loss) $(1,237,000) $58,000 $(4,616,000) 63,000
Net income (loss)
per share $(0.08) $0.00 $(0.28) 0.00