UNIROYAL TECHNOLOGY CORPORATION AND SUBSIDIARIES
EXHIBIT 11.1
Computation of Per Share Earnings
October 1, September 26, September 27, September 28, September 29,
2000 1999 1998 1997 1996
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NET INCOME (LOSS)
(in thousands):
(Loss) income from continuing
operations before dis-
continued operations and
extraordinary item $ (10,659) $ 1,251 $ 2,301 $ (2,258) $ (15,489)
Less: Preferred stock
dividends - - - (220) (420)
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(Loss) income from continuing
operations before dis-
continued operations and
extraordinary item avail-
able to common stock-
holders (10,659) 1,251 2,301 (2,478) (15,909)
Income from discontinued
operations 57,346 4,269 5,726 2,637 1,088
Extraordinary loss - - (5,637) - -
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Net income (loss) for basic
and diluted earnings per
share $ 46,687 $ 5,520 $ 2,390 $ 159 $ (14,821)
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SHARES:
Weighted average number
of shares outstanding for
basic earnings per share 24,937,364 24,315,992 26,463,084 26,633,930 26,334,932
Additional shares issuable
under stock options and
warrants for diluted
earnings per share - 2,256,676 2,799,052 - -
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Weighted average number
of shares outstanding for
diluted earnings per
share 24,937,364 26,572,668 29,262,136 26,633,930 26,334,932
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BASIC EARNINGS (LOSS)PER
SHARE:
(Loss) income from continuing
operations before dis-
continued operations and
extraordinary item $ (0.43) $ 0.05 $ 0.09 $ (0.09) $ (0.60)
Income from discontinued operations 2.30 0.18 0.21 0.10 0.04
Extraordinary loss - - (0.21) - -
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Net income (loss) $ 1.87 $ 0.23 $ 0.09 $ 0.01 $ (0.56)
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DILUTED EARNINGS
(LOSS) PER SHARE:
(Loss) income from continuing
operations before dis-
continued operations and
extraordinary item $ (0.43) $ 0.05 $ 0.08 $ (0.09) $ (0.60)
Income from discontinued operations 2.30 0.16 0.19 0.10 0.04
Extraordinary loss - - (0.19) - -
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Net income (loss) $ 1.87 $ 0.21 $ 0.08 $ 0.01 $ (0.56)
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