CALIFORNIA CULINARY ACADEMY, INC.
STATEMENT RE: EARNINGS PER SHARE
QUARTER ENDED DECEMBER 31,
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1996 1995
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PRIMARY FULLY DILUTED PRIMARY FULLY DILUTED
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Net earnings (loss) $126,000 $126,000 $4,000 $4,000
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Weighted average common shares outstanding:
Common shares 3,317,343 3,317,343 3,251,372 3,251,372
Common equivalent shares:
Stock options and warrants 135,898 137,057
Convertible Preferred shares 89,276 89,839
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Weighted average common and common
equivalent shares outstanding 3,542,517 3,544,239 3,251,372 3,251,372
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Earnings (loss) per share $0.04 $0.04 $0.00 $0.00
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SIX MONTHS ENDED DECEMBER 31,
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1996 1995
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PRIMARY FULLY DILUTED PRIMARY FULLY DILUTED
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Net earnings (loss) $171,000 $171,000 $(420,000) $(420,000)
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Weighted average common shares outstanding:
Common shares 3,272,346 3,272,346 3,281,915 3,281,915
Common equivalent shares:
Stock options and warrants 121,883 135,739
Convertible Preferred shares 66,741 72,264
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Weighted average common and common
equivalent shares outstanding 3,460,970 3,480,349 3,281,915 3,281,915
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Earnings (loss) per share $0.05 $0.05 $(0.13) $(0.13)
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