KENT ELECTRONICS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS (LOSS) PER SHARE EXHIBIT 11 (In thousands, except per share data) For the Thirteen Weeks Ended For the Thirteen Weeks Ended January 1, 2000 December 26, 1998 ---------------------------------------- ------------------------------------- Per-Share Earnings Per-Share Earnings Shares Amount (Loss) Shares Amount -------- -------- ---------- -------- -------- --------- BASIC EARNINGS (LOSS) PER SHARE Net earnings (loss) $ 5,228 28,057 $ 0.19 $ (939) 27,916 $ (0.03) ========== ========= EFFECT OF DILUTIVE SECURITIES Excess of shares issuable upon exercise of stock options over shares deemed retired utilizing the treasury stock method - 914 - - -------- -------- -------- -------- DILUTED EARNINGS (LOSS) PER SHARE Net earnings (loss) plus assumed conversions $ 5,228 28,971 $ 0.18 $ (939) 27,916 $ (0.03) ======== ======== ========== ======== ======== ========= For the Thirty-Nine Weeks Ended For the Thirty-Nine Weeks Ended January 1, 2000 December 26, 1998 ---------------------------------------- ------------------------------------- Per-Share Earnings Per-Share Earnings Shares Amount (Loss) Shares Amount -------- -------- ---------- -------- -------- --------- BASIC EARNINGS (LOSS) PER SHARE Net earnings (loss) $ 10,821 28,008 $ 0.39 $ (352) 27,577 $ (0.01) ========= ========= EFFECT OF DILUTIVE SECURITIES Excess of shares issuable upon exercise of stock options over shares deemed retired utilizing the treasury stock method - 672 - - -------- -------- -------- -------- DILUTED EARNINGS (LOSS) PER SHARE Net earnings (loss) plus assumed conversions $ 10,821 28,680 $ 0.38 $ (352) 27,577 $ (0.01) ======== ======== ========== ======== ======== =========