EXHIBIT 11.1
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EXHIBIT 11.1
CONNER PERIPHERALS, INC.
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
Twelve months ended December 31,
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1994 1993 1992
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Primary:
Weighted average shares outstanding 51,604 49,339 53,983
Net effect of dilutive
common stock equivalents 649 -- 1,259
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Total 52,253 49,339 55,242
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Net income/(loss) $109,687 $(445,314) $121,072
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Earnings/(loss) per share $ 2.10 $ (9.03) $ 2.19
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Fully diluted:
Weighted average shares outstanding 51,604 49,339 53,983
Net effect of dilutive
common stock equivalents 648 -- 1,349
Assumed conversion of
Subordinated Convertible Debentures 22,306 -- 19,391
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Total 74,558 49,339 74,723
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Net income/(loss) $109,687 $(445,314) $121,072
Add Subordinated Convertible
Debenture interest, net of income taxes 22,391 -- 20,376
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Total $132,078 $(445,314) $141,448
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Earnings/(loss) per share $ 1.77 $ (9.03) $ 1.89
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