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EXHIBIT 11
CKE RESTAURANTS, INC.
CALCULATION OF EARNINGS PER SHARE
(In thousands except per share amounts)
Sixteen Weeks Ended
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May 18, May 19,
1998 1997
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BASIC EARNINGS PER SHARE
Net income $22,732 $10,586
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Weighted average number of common shares
outstanding during the period 46,572 36,649
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Basic earnings per share $ 0.49 $ 0.29
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DILUTED EARNINGS PER SHARE
Net income $22,732 $10,586
Interest expense and amortization of debt
issuance costs, net of income tax effect
applicable to convertible subordinated notes 1,016 --
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Diluted earnings $23,748 $10,586
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Weighted average number of common shares outstanding
during the period 46,572 36,649
Incremental common shares attributable to:
Exercise of outstanding options 1,545 974
Issuance of convertible subordinated notes 2,411 --
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Total shares 50,528 37,623
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Diluted earnings per share $ 0.47 $ 0.28
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