Exhibit 11.1
CONNER PERIPHERALS, INC.
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(In Thousands, Except Per Share Data)
Three months ended
March 31,
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1995 1994
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Primary:
Weighted average shares outstanding 52,466 50,720
Net effect of dilutive stock options 216 1,299
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Total 52,682 52,019
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Net income $ 4,619 $23,804
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Earnings per share $ 0.09 $ 0.46
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Fully diluted:
Weighted average shares outstanding 52,466 50,720
Net effect of dilutive stock options 216 1,305
Assumed conversion of:
6.75% Subordinated Convertible Debentures NA 7,931
6.5% Subordinated Convertible Debentures NA 14,375
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Total 52,682 74,331
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Net income $ 4,619 $23,804
Add:
6.75% Subordinated Convertible Debenture
interest, net of income taxes NA 2,290
6.5% Subordinated Convertible Debenture
interest, net of income taxes NA 3,308
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Total $ 4,619 $29,402
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Earnings per share $ 0.09 $ 0.40
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NA - not applicable, item is anti-dilutive and therefore excluded from the
calculation of earnings per share