1
EXHIBIT 11
CKE RESTAURANTS, INC.
CALCULATION OF EARNINGS PER SHARE
(In Thousands Except Per Share Amounts)
Twelve Weeks Ended Twenty-eight Weeks Ended
--------------------------- ----------------------------
August 15, August 9, August 15, August 9,
1994 1993 1994 1993
---------- ---------- ---------- ---------
PRIMARY EARNINGS PER SHARE
- --------------------------
Net income $ 864 $ 2,359 $ 1,520 $ 2,517
======= ======= ======= =======
Weighted average shares outstanding:
Common stock outstanding from
beginning of period 18,759 18,023 18,677 17,920
Pro-Rata Shares:
Exercise of stock options 20 -- 79 29
Repurchase and retirement of shares (2) (1) (1) --
Dilutive effect of outstanding
stock options 56 133 134 171
------- ------- ------- -------
18,833 18,155 18,889 18,120
======= ======= ======= =======
Primary earnings per share $ .05 $ .13 $ .08 $ .14
======= ======= ======= =======
FULLY DILUTED EARNINGS PER SHARE
- --------------------------------
Net income $ 864 $ 2,359 $ 1,520 $ 2,517
======= ======= ======= =======
Weighted average shares outstanding:
Common stock outstanding from
beginning of period 18,759 18,023 18,677 17,920
Pro-Rata Shares:
Exercise of stock options 20 -- 79 29
Repurchase and retirement of shares (2) (1) (1) --
Dilutive effect of outstanding
stock options 56 135 134 171
------- ------- ------- -------
18,833 18,157 18,889 18,120
======= ======= ======= =======
Fully diluted earnings per share $ .05 $ .13 $ .08 $ .14
======= ======= ======= =======
13