EXHIBIT 11 INTELOGIC TRACE, INC. AND SUBSIDIARY COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT SHARE DATA) YEAR ENDED YEAR ENDED YEAR ENDED JULY 31, 1994 JULY 31, 1993 JULY 27, 1992 Common and common equivalent share: Weighted average shares outstanding .................. 12,342,776 11,994,248 11,938,787 Net effect of dilutive stock options Based on treasury stock method using average market price* ........................ -- -- -- ---------- ---------- ---------- Total shares .................................... 12,342,776 11,994,248 11,938,787 ========== ========== ========== Net loss, less preferred stock dividends ............ $(34,671) $(1,528) $(17,409) ========== ========== ========== Per share amount ..................................... $(2.81) $(.13) $(1.46) ========== ========== ========== * The net dilutive effect of stock options is not considered because the effect would be to increase shares outstanding, which, in loss years, reduces the loss per share and is therefore antidilutive. 74