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EXHIBIT 11.1
KERR GROUP, INC.
Statement Re: Computation of Per Share Earnings (Loss)
(in thousands except per share data)
(Unaudited)
Three Months Ended
March 31,
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1997 1996
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Primary Net Earnings (Loss) Per Common Share
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Net loss $(1,130) $(6,235)
Less Preferred Stock dividends (207) (207)
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Net loss applicable to primary earnings
per common share $(1,337) (6,442)
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Weighted average number of common
shares outstanding 3,933 3,933
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Primary net loss per common share $ (0.34) $ (1.64)
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Fully Diluted Net Earnings (Loss) Per Common Share
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Net loss applicable to primary earnings
per common share $(1,337) $(6,442)
Add Preferred Stock dividends 207 207
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Net loss applicable to fully
diluted earnings per common share $(1,130) $(6,235)
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Weighted average number of common
shares outstanding 3,933 3,933
Common shares issuable upon assumed
conversion of Preferred Stock 709 709
Incremental common shares issuable upon
assumed exercise of outstanding stock options 0 19
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Adjusted weighted average number of common
shares outstanding 4,642 4,661
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Fully diluted net loss per common share:
As computed $ (0.24) $ (1.34)
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As reported (a) $ (0.34) $ (1.64)
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(a) The calculation of fully diluted net loss per common share for the three
months ended March 31, 1997 and 1996 was not dilutive.