1
EXHIBIT 11
THE GYMBOREE CORPORATION
COMPUTATION OF NET INCOME PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
13 WEEKS ENDED 26 WEEKS ENDED
-------------------- --------------------
AUGUST 2, AUGUST 4, AUGUST 2, AUGUST 4,
1997 1996 1997 1996
--------- --------- --------- ---------
NET INCOME $ 4,578 $ 4,285 $13,177 $12,878
======== ======== ======== ========
Weighted average number of shares
outstanding during the period:
Common Stock 24,236 25,161 24,642 25,103
Add incremental shares from assumed
exercise of stock options and warrants 318 554 383 483
-------- -------- -------- --------
24,554 25,715 25,025 25,586
======== ======== ======== ========
PRIMARY NET INCOME PER SHARE $ 0.19 $ 0.17 $ 0.53 $ 0.50
======== ======== ======== ========
Weighted average number of shares
outstanding during the period:
Common Stock 24,302 25,161 24,642 25,103
Add incremental shares from assumed
exercise of stock options and warrants 319 555 381 491
-------- -------- -------- --------
Weighted average common and common
equivalent shares outstanding during
the period 24,621 25,716 25,023 25,594
======== ======== ======== ========
FULLY DILUTED NET INCOME PER SHARE $ 0.19 $ 0.17 $ 0.53 $ 0.50
======== ======== ======== ========
15