KRONOS INCORPORATED Exhibit 11 - Statement re: Computation of Per Share Earnings (In thousands, except share data) Three Months Ended Six Months Ended ------------------------ ----------------------- March 29, March 30, March 29, March 30, 1997 1996 1997 1996 ----------- ---------- ----------- ---------- Net income .................................. $ 1,779 $ 2,365 $ 3,965 $ 4,516 ========== ========== ========== ========== Net income per common share: Primary: Weighted average shares outstanding 8,185,134 8,019,061 8,158,144 7,984,979 Common Stock equivalents .......... 254,482 300,439 247,348 315,601 ---------- ---------- ---------- ---------- Total ............................. 8,439,616 8,319,500 8,405,492 8,300,580 ========== ========== ========== ========== Net income per common share ....... $ 0.21 $ 0.28 $ 0.47 $ 0.54 ========== ========== ========== ========== Fully diluted: Weighted average shares outstanding 8,185,134 8,019,061 8,158,144 7,984,979 Common Stock equivalents .......... 254,493 300,439 260,345 315,601 ---------- ---------- ---------- ---------- Total ............................. 8,439,627 8,319,500 8,418,489 8,300,580 ========== ========== ========== ========== Net income per common share ....... $ 0.21 $ 0.28 $ 0.47 $ 0.54 ========== ========== ========== ==========