EXHIBIT 11
THE NEW YORK TIMES COMPANY
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STATEMENTS OF COMPUTATION OF PRIMARY
AND FULLY-DILUTED NET INCOME PER SHARE
(Dollars and shares in thousands, except per share data)
Quarter Ended Nine Months Ended
September 29, September 29,
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1996 1995 1996 1995
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PRIMARY*
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Average shares outstanding.......................................... 97,008 96,343 97,472 96,983
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Net Income.......................................................... $ (47,684) $ 32,206 $ 31,842 $ 102,821
Less cumulative preference stock dividends........................ (24) (24) (72) (72)
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Total........................................................... $ (47,708) $ 32,182 $ 31,770 $ 102,749
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Primary earnings per share.......................................... $ (0.49) $ 0.33 $ 0.33 $ 1.06
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FULLY DILUTED
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Average shares outstanding.......................................... 97,008 96,343 97,472 96,983
Net effect of dilutive stock options, retirement units and put
options (based on the treasury stock method using the quarter-end
market price which is higher than the average market price)....... 2,305 1,334 2,034 861
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Total fully-diluted average shares outstanding...................... 99,313 97,677 99,506 97,844
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Net Income.......................................................... $ (47,684) $ 32,206 $ 31,842 $ 102,821
Less cumulative preference stock dividends........................ (24) (24) (72) (72)
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Total........................................................... $ (47,708) $ 32,182 $ 31,770 $ 102,749
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Fully-diluted earnings per share.................................... $ (0.48) $ 0.33 $ 0.32 $ 1.05
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* Common stock equivalents are excluded from primary earnings per share
because their impact on earnings is less than three percent in the
aggregate.
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