Exhibit 11
Statement of Computation of Earnings per Share
InterTAN, Inc.
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(in thousands, except per share data)
Three Months Ended Nine Months Ended
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March 31 March 31
1996 1995 1996 1995
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Primary Earnings Per Share
Net income (loss)......................................... $ (4,108) $ (5,122) $ 4,024 $ 12,582
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Weighted average number of common shares outstanding...... 10,943 10,026 10,857 9,907
Weighted average number of common shares issuable
under warrants and stock option plans, net of
assumed treasury stock repurchases at average
market prices.......................................... (a) (a) 107 105
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Weighted average number of common and common
equivalent shares outstanding.......................... 10,943 10,026 10,964 10,012
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Primary net income (loss) per average common share $ (0.38) $ (0.51) $ 0.37 $ 1.26
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Fully Diluted Earnings Per Share
Reconciliation of net income (loss) per statements
to amounts used in computation of fully
diluted net income (loss) per average
common share:
Net income (loss), as reported............................ $ (4,108) $ (5,122) $ 4,024 $ 12,582
Adjustments for assumed conversion of the 9%
convertible subordinated debentures:
Add interest on the debentures............................ (a) (a) 2,873 2,945
Add amortization expense on the debentures................ (a) (a) 271 273
Add foreign exchange loss recognized on interest
payable on convertible debentures..................... (a) (a) - 14
Less foreign exchange transaction loss (gain)
recognized on the debentures.......................... (a) (a) (117) (486)
Add income tax effect of the debentures................... (a) (a) (1,069) -
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Net income (loss), as adjusted............................ $ (4,108) $ (5,122) $ 5,982 $ 15,328
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Reconciliation of weighted average number of shares
outstanding to amount used in computation of fully
diluted net income per average common share:
Weighted average number of shares outstanding............. 10,943 10,026 10,857 9,907
Adjustments for assumed conversion of 9% convertible
subordinated debentures to common stock................ (a) (a) 6,745 7,124
Adjustments for assumed exercise of warrants
and stock options, net of assumed treasury
stock repurchases at period end prices................ (a) (a) 107 130
Adjustment for conversion of debentures held for
part of period .......................................... (a) (a) 13 -
Weighted average number of common and common --------------------------- --------------------------
equivalent shares outstanding, as adjusted............. 10,943 10,026 17,722 17,161
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Fully diluted net income (loss) per average
common shares.......................................... $ (0.38) $ (0.51) $ 0.34 $ 0.89
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(a) These items are anti-dilutive and thus are omitted from the calculation.