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EXHIBIT 11
WESTERN DIGITAL CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED SIX-MONTHS ENDED
---------------------------- ----------------------------
DECEMBER 31, DECEMBER 25, DECEMBER 31, DECEMBER 25,
1994 1993 1994 1993
------------ ------------ ------------ ------------
PRIMARY
Net income . . . . . . . . . . . . . . . . $ 42,554 $ 12,487 $ 77,272 $ 7,389
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Weighted average number of common
shares outstanding during the period . . . 45,437 35,634 45,289 35,501
Incremental common shares attributable
to exercise of outstanding options and
warrants . . . . . . . . . . . . . . . . 2,246 3,039 2,184 1,519
-------- -------- -------- --------
Total shares . . . . . . . . . . . . . 47,683 38,673 47,473 37,020
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Net income per share . . . . . . . . . . . $ .89 $ .32 $ 1.63 $ .20
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FULLY DILUTED
Net income . . . . . . . . . . . . . . . . $ 42,554 $ 12,487 $ 77,272 $ 7,389
Add back: interest expense, net of
income tax effect, applicable to
convertible subordinated debentures . . . . 1,111 -- 2,223 --
-------- -------- -------- --------
$ 43,665 $ 12,487 $ 79,495 $ 7,389
======== ======== ======== ========
Weighted average number of common
shares outstanding during the period . . . 45,437 35,634 45,289 35,501
Incremental common shares attributable
to exercise of outstanding options and
warrants . . . . . . . . . . . . . . . . 2,247 3,483 2,186 3,483
Incremental common shares attributable
to conversion of convertible subordinated
debentures . . . . . . . . . . . . . . . . 3,878 -- 3,878 --
-------- -------- -------- --------
Total shares . . . . . . . . . . . . . 51,562 39,117 51,353 38,984
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Net income per share . . . . . . . . . . . $ .85 $ .32 $ 1.55 $ .19
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