EXHIBIT 11
Page 1 of 2
HAMPSHIRE GROUP, LIMITED AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF INCOME PER SHARE
(In thousands, except per share data)
Three Months Ended Nine Months Ended
-------------------- ------------------
Sept. 27, Sept. 28, Sept. 27, Sept.28,
1997 1996 1997 1996
-------- -------- -------- -------
(Unaudited) (Unaudited)
Weighted average number of common and
common equivalent shares outstanding:
Common stock ........................ 3,856 3,797 3,857 3,767
Additional shares assumed to be
outstanding resulting from the
exercise of options and warrants
(computed using the treasury
stock method) ..................... 318 309 106 104
----- ----- ----- -----
Total common shares - primary ..... 4,174 4,106 3,963 3,871
===== ===== ===== =====
Net income ............................ $5,111 $4,864 $4,615 $3,741
Less - Preferred dividend requirements 42 45 128 138
------ ------ ------ ------
Net income applicable to common stock . $5,069 $4,819 $4,487 $3,603
====== ====== ====== ======
Net income per share - primary ........ $1.21 $1.17 $1.13 $0.93
===== ===== ===== =====
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EXHIBIT 11
Page 2 of 2
HAMPSHIRE GROUP, LIMITED AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF INCOME PER SHARE
(In thousands, except per share data)
Three Months Ended Nine Months Ended
------------------ -----------------
Sept. 27, Sept. 28, Sept. 27, Sept. 28,
1997 1996 1997 1996
-------- -------- -------- --------
(Unaudited) (Unaudited)
Weighted average number of
common and common equivalent
shares outstanding per above ...... 4,174 4,106 3,963 3,871
Additional shares assumed to be
outstanding resulting from the
exercise of options and warrants
(computed using the treasury
stock method) ..................... 39 23 251 229
Assumed conversion of preferred stock 250 277 259 281
----- ----- ----- -----
Total common shares -
assuming full dilution............ 4,463 4,406 4,473 4,381
===== ===== ===== =====
Net income applicable to common stock $5,069 $4,819 $4,487 $3,603
Plus - Preferred dividend requirement 42 45 128 138
------ ------ ------ ------
Net income .......................... $5,111 $4,864 $4,615 $3,741
====== ====== ====== ======
Net income per share -
assuming full dilution ............ $1.15 $1.10 $1.03 $0.85
===== ===== ===== =====
2