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EXHIBIT 11
CKE RESTAURANTS, INC.
CALCULATION OF EARNINGS PER SHARE
(In Thousands Except Per Share Amounts)
Twelve Weeks Ended Forty Weeks Ended
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November 7, November 1, November 7, November 1,
1994 1993 1994 1993
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PRIMARY EARNINGS PER SHARE
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Net income $ 286 $ 1,606 $ 1,806 $ 4,123
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Weighted average shares outstanding:
Common stock outstanding from
beginning of period 18,771 18,097 18,677 18,091
Pro-Rata Shares:
Exercise of stock options 2 48 87 55
Repurchase of shares (122) -- (40) (18)
Dilutive effect of outstanding
stock options 42 246 103 196
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18,693 18,391 18,827 18,324
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Primary earnings per share $ .02 $ .09 $ .10 $ .23
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FULLY DILUTED EARNINGS PER SHARE
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Net income $ 286 $ 1,606 $ 1,806 $ 4,123
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Weighted average shares outstanding:
Common stock outstanding from
beginning of period 18,771 18,097 18,677 18,091
Pro-Rata Shares:
Exercise of stock options 2 48 87 55
Repurchase of shares (122) -- (40) (18)
Dilutive effect of outstanding
stock options 42 323 103 323
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18,693 18,468 18,827 18,451
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Fully diluted earnings per share $ .02 $ .09 $ .10 $ .22
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