EXHIBIT 11
DURA AUTOMOTIVE SYSTEMS, INC.
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1996
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Nine Months Ended
September 30, 1996 September 30, 1996
------------------------- -----------------------
Actual Pro Forma Actual Pro Forma
---------- ----------- ---------- ---------
Net income $ 1,746 $ 1,983 $ 6,700 $ 8,078
---------- ----------- ---------- ---------
---------- ----------- ---------- ---------
Weighted average number of
Class A common stock 1,939 3,795 646 3,795
Weighted average number of
Class B common stock 4,998 4,998 5,001 5,001
Dilutive effect of outstanding
stock options after application
of the treasury stock method (1) 18 18 22 22
---------- ----------- ---------- ---------
Common and common equivalent
shares outstanding 6,955 8,811 5,669 8,818
---------- ----------- ---------- ---------
---------- ----------- ---------- ---------
Net income per common and
common equivalent share $ 0.25 $ 0.23 $ 1.18 $ 0.92
---------- ----------- ---------- ---------
---------- ----------- ---------- ---------
(1) Cheap stock is included in the calculation for all periods presented in
accordance with the rules and regulations of the Securities and Exchange
Commission.
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EXHIBIT 11
(CONTINUED)
DURA AUTOMOTIVE SYSTEMS, INC.
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1995
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Nine Months Ended
September 30, 1995 September 30, 1995
------------------------ -------------------------
Actual Pro Forma Actual Pro Forma
---------- ----------- ------------ -----------
Net income $ 417 $ 941 $ 7,843 $ 6,895
--------- ----------- ------------ -----------
--------- ----------- ------------ -----------
Weighted average number of
Class A common stock - 3,795 - 3,795
Weighted average number of
Class B common stock 5,016 5,016 4,954 4,954
Dilutive effect of outstanding
stock options after application
of the treasury stock method (1) 23 23 22 22
--------- ----------- ------------ -----------
Common and common equivalent
shares outstanding 5,039 8,834 4,976 8,771
--------- ----------- ------------ -----------
--------- ----------- ------------ -----------
Net income per common and
common equivalent share $ 0.08 $ 0.11 $ 1.58 $ 0.79
--------- ----------- ------------ -----------
--------- ----------- ------------ -----------
(1) Cheap stock is included in the calculation for all periods presented in
accordance with the rules and regulations of the Securities and Exchange
Commission.
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