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 quarters ended
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Aug 1, Aug 2,
1999 1998
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Earnings per share (U.S. GAAP - Basic)
Net earnings $ 47,286 $ 35,520
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Weighted average number of Common
Shares outstanding during the period 180,399 176,105
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Earnings per share (U.S. GAAP) $ 0.26 $ 0.20
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Earnings per share (U.S. GAAP- Diluted)
Net earnings $ 47,286 $ 35,520
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Weighted average number of Common Shares
outstanding during the period 180,399 176,105
Net effect of dilutive stock options
based on the treasury stock method 2,101 2,314
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Weighted average number of Common
Shares and equivalents outstanding
during the period 182,500 178,419
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Earnings per share (U.S. GAAP) $ 0.26 $ 0.20
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Earnings 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 $ 0.6787 $ 0.6817
Earnings per share (U.S. GAAP)
- Basic, in U.S. dollars $ 0.18 $ 0.14
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Earnings per share (U.S. GAAP)
- Diluted, in U.S. dollars $ 0.18 $ 0.14
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