EXHIBIT 11.2
NEWBRIDGE NETWORKS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(Accounting principles generally accepted in the United States)
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Fiscal quarter ended Three fiscal quarters ended
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Jan 26, Jan 28, Jan 26, Jan 28,
1997 1996 1997 1996
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Net earnings (loss) (U.S. GAAP)
Net earnings, as reported, under Canadian GAAP $63,031 $53,881 $186,613 $136,369
Write off of purchased in process research and
development upon acquisition of UB Networks (96,940) -- (96,940) --
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Net earnings, under U.S. GAAP $(33,909) $53,881 $ 89,673 $136,369
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Earnings (loss) per share (U.S. GAAP) - Primary
Net earnings (loss) $(33,909) $53,881 $ 89,673 $136,369
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Weighted average number of Common Shares
outstanding at the end of the period 170,941 166,548 170,140 165,842
Net effect of dilutive stock options
based on the treasury stock method -- 4,610 4,667 3,384
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Weighted average number of Common
Shares and equivalents outstanding at
the end of the period 170,941 171,158 174,807 169,226
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Earnings (loss) per share (U.S. GAAP) $(0.20) $0.31 $0.51 $0.81
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Earnings (loss) per share (U.S. GAAP) - Fully Diluted
Net earnings (loss) $(33,909) $53,881 $ 89,673 $136,369
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Weighted average number of Common Shares
outstanding at the end of the period 170,941 166,548 170,140 165,842
Net effect of dilutive stock options
based on the treasury stock method -- 6,181 4,667 6,018
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Weighted average number of Common
Shares and equivalents outstanding at
the end of the period 170,941 172,729 174,807 171,860
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Earnings (loss) per share (U.S. GAAP) $(0.20) $0.31 $0.51 $0.79
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Earnings (loss) per share expressed in U.S. Dollars
Daily average exchange rate of a Canadian
dollar for U.S. dollars as reported by the
Federal Reserve Bank of New York $0.7406 $0.7342 $0.7346 $0.7354
Earnings (loss) per share (U.S. GAAP)
- Primary, in U.S. dollars $(0.15) $0.23 $0.38 $0.59
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Earnings (loss) per share (U.S. GAAP)
- Fully diluted, in U.S. dollars $(0.15) $0.23 $0.38 $0.58
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