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EXHIBIT 11
CKE RESTAURANTS, INC. AND SUBSIDIARIES
CALCULATION OF EARNINGS PER SHARE
(In thousands except per share amounts)
Twelve Weeks Ended Twenty-eight Weeks Ended
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August 10, August 11, August 10, August 11,
1998 1997 1998 1997
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BASIC EARNINGS PER SHARE
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Net income $22,604 $10,545 $45,336 $21,131
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Weighted average number of common shares
outstanding during the period 46,821 40,438 46,696 38,544
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Basic earnings per share $ 0.48 $ 0.26 $ 0.97 $ 0.55
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DILUTED EARNINGS PER SHARE
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Net income $22,604 $10,545 $45,336 $21,131
Interest expense and amortization of debt
issuance costs, net of income tax effect
applicable to convertible subordinated notes 1,301 -- 2,317 --
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Diluted earnings $23,905 $10,545 $47,653 $21,131
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Weighted average number of common shares
outstanding during the period 46,821 40,438 46,696 38,544
Incremental common shares attributable to:
Exercise of outstanding options 1,420 1,218 1,483 1,096
Issuance of convertible subordinated notes 4,091 -- 3,251 --
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Total shares 52,332 41,656 51,430 39,640
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Diluted earnings per share $ 0.46 $ 0.25 $ 0.93 $ 0.53
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