UNIROYAL TECHNOLOGY CORPORATION AND SUBSIDIARIES
EXHIBIT 11.1
Computation of Per Share Earnings
September 30, October 1, September 26, September 27, September 28,
2001 2000 1999 1998 1997
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NET (LOSS) INCOME
(in thousands):
(Loss) income from continuing
operations before
discontinued operations
and extraordinary item $ (52,883) $ (12,650) $ (759) $ 1,440 $ (1,687)
Less: Preferred stock
dividends - - - - (220)
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(Loss) income from continuing
operations before
discontinued operations
and extraordinary item
attributable to common
stockholders (52,883) (12,650) (759) 1,440 (1,907)
Income from discontinued
operations 1,048 59,337 6,279 6,587 2,066
Extraordinary loss - - - (5,637) -
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Net (loss) income for basic
and diluted earnings per
share $ (51,835) $ 46,687 $ 5,520 $ 2,390 $ 159
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SHARES:
Weighted average number
of shares outstanding for
basic earnings per share 26,286,148 24,937,364 24,315,992 26,463,084 26,633,930
Additional shares issuable
under stock options and
warrants for diluted
earnings per share - - - 2,799,052 -
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Weighted average number
of shares outstanding for
diluted earnings per
share 26,286,148 24,937,364 24,315,992 29,262,136 26,633,930
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BASIC (LOSS) EARNINGS PER
SHARE:
(Loss) income from
continuing operations $ (2.01) $ (0.51) $ (0.03) $ 0.05 $ (0.07)
Income from discontinued
operations 0.04 2.38 0.26 0.25 0.08
Extraordinary loss - - - (0.21) -
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Net (loss) income $ (1.97) $ 1.87 $ 0.23 $ 0.09 $ 0.01
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DILUTED (LOSS) EARNINGS PER
SHARE:
(Loss) income from
continuing operations $ (2.01) $ (0.51) $ (0.03) $ 0.05 $ (0.07)
Income from discontinued
operations 0.04 2.38 0.26 0.22 0.08
Extraordinary loss - - - (0.19) -
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Net (loss) income $ (1.97) $ 1.87 $ 0.23 $ 0.08 $ 0.01
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