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. 26, Sept. 27, Sept. 26, Sept. 27, 1998 1997 1998 1997 --------- --------- --------- --------- (unaudited) (unaudited) Weighted average number of common and common equivalent shares outstanding: 4,138 3,856 4,127 3,857 Net income (loss) $663 $5,111 ($1,295) $4,615 Less-Preferred dividend requirements - 42 - 128 ----- ------ ------ ------ Net income (loss) applicable to common stock $663 $5,069 ($1,295) $4,487 ==== ====== ====== ====== Net income (loss) per share-basic $0.16 $1.31 ($0.31) $1.16 ===== ===== ===== ===== - ------------------------------------------------------------------------------- Weighted average number of common and common equivalent shares outstanding per above 4,138 3,856 4,127 3,857 Additional shares assumed to be outstanding from the exercise of options and warrants (computed using the treasury stock method) 328 250 - 258 Assumed conversion of preferred stock - 318 - 353 ----- ----- ----- ----- Total common shares-diluted 4,466 4,424 4,127 4,469 ===== ===== ===== ===== Net income (loss) applicable to common stock $663 $5,069 ($1,295) $4,487 Plus-Preferred dividend requirement - 42 - 128 ---- ------ ------ ------ Net income (loss) $663 $5,111 ($1,295) $4,615 ==== ====== ====== ====== Net income (loss) per share-diluted $0.15 $1.16 ($0.31) $1.03 ===== ===== ===== =====