EXHIBIT 11
Linens 'n Things, Inc.
Computation of Net Income (Loss) Per Common Share
(in Thousands except per share data)
1996 1995 1994 1993 1992
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FINANCIAL STATEMENT PRESENTATION
Weighted-average number of shares outstanding 19,286 19,268 19,268 19,268 19,268
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Net income (loss) before cumulative effect
of change in accounting principle .......... $ 15,039 $ (34) $ 17,198 $ 11,719 $ (1,201)
Cumulative effect of change in accounting
principle ................................. -- 178 -- -- --
-------- -------- -------- -------- --------
Net income (loss) applicable to common shares $ 15,039 $ (212) $ 17,198 $ 11,719 $ (1,201)
======== ======== ======== ======== ========
Per-share amounts
Net income (loss) before cumulative effect
of change in accounting principle ..... $ 0.78 $ (0.00) $ 0.89 $ 0.61 $ (0.06)
Cumulative effect of change in accounting
principle ............................. -- 0.01 -- -- --
-------- -------- -------- -------- --------
Net income (loss) per share ............ $ 0.78 $ (0.01) $ 0.89 $ 0.61 $ (0.06)
======== ======== ======== ======== ========
PRIMARY
Weighted-average number of shares outstanding 19,286 19,268 19,268 19,268 19,268
======== ======== ======== ======== ========
Net income (loss) before cumulative effect
of change in accounting principle .......... $ 15,039 $ (34) $ 17,198 $ 11,719 $ (1,201)
Cumulative effect of change in accounting
principle ................................. -- 178 -- -- --
-------- -------- -------- -------- --------
Net income (loss) applicable to common shares $ 15,039 $ (212) $ 17,198 $ 11,719 $ (1,201)
======== ======== ======== ======== ========
Per-share amounts
Net income (loss) before cumulative effect
of change in accounting principle ..... $ 0.78 $ (0.00) $ 0.89 $ 0.61 $ (0.06)
Cumulative effect of change in accounting
principle ............................. -- 0.01 -- -- --
-------- -------- -------- -------- --------
Net income (loss) per share ............ $ 0.78 $ (0.01) $ 0.89 $ 0.61 $ (0.06)
======== ======== ======== ======== ========
FULLY DILUTED
Weighted-average number of shares outstanding
and fully diluted common share equivalents 19,299 19,268 19,268 19,268 19,268
======== ======== ======== ======== ========
Net income (loss) before cumulative effect
of change in accounting principle ......... $ 15,039 $ (34) $ 17,198 $ 11,719 $ (1,201)
Cumulative effect of change in accounting
principle ................................. -- 178 -- -- --
-------- -------- -------- -------- --------
Net income (loss) applicable to common shares $ 15,039 $ (212) $ 17,198 $ 11,719 $ (1,201)
======== ======== ======== ======== ========
Per-share amounts
Net income (loss) before cumulative effect
of change in accounting principle ..... $ 0.78 $ (0.00) $ 0.89 $ 0.61 $ (0.06)
Cumulative effect of change in accounting
principle ............................. -- 0.01 -- -- --
-------- -------- -------- -------- --------
Net income (loss) per share ............ $ 0.78 $ (0.01) $ 0.89 $ 0.61 $ (0.06)
======== ======== ======== ======== ========