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EXHIBIT 11
CKE RESTAURANTS, INC. AND SUBSIDIARIES
CALCULATION OF EARNINGS PER SHARE
(In thousands except per share amounts)
Sixteen Weeks Ended
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May 17, May 18,
1999 1998
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BASIC EARNINGS PER SHARE
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Income before extraordinary item $19,130 $22,732
Extraordinary item - gain on early retirement of debt,
net of applicable income taxes of $186 290 --
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Net income $19,420 $22,732
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Weighted average number of common shares outstanding
during the period 51,860 51,229
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Basic earnings per share before extraordinary item $ 0.36 $ 0.44
Extraordinary item - gain on early retirement of debt,
net of applicable income taxes - basic 0.01 --
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Basic net income per share $ 0.37 $ 0.44
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DILUTED EARNINGS PER SHARE
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Income before extraordinary item $19,130 $22,732
Interest expense and amortization of debt issuance costs,
net of income tax effect applicable to convertible
subordinated notes 1,415 1,016
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Diluted income before extraordinary item 20,545 23,748
Extraordinary item - gain on early retirement of debt, net
of applicable income taxes of $186 290 --
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Diluted net income $20,835 $23,748
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Weighted average number of common shares outstanding
during the period 51,860 51,229
Incremental common shares attributable to:
Exercise of outstanding options 839 1,700
Issuance of convertible subordinated notes 3,642 2,652
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Total shares 56,341 55,581
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Diluted net income per share before extraordinary item $ 0.36 $ 0.43
Extraordinary item - gain on early retirement of debt,
net of applicable income taxes - diluted 0.01 --
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Diluted earnings per share $ 0.37 $ 0.43
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