Statement of Computation of Earnings per Share Exhibit 11
InterTAN, Inc.
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(in thousands, except per share data)
Three Months Ended Twelve Months Ended
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June 30 June 30
1996 1995 1996 1995
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Primary Earnings Per Share
Net income (loss)....................................................($6,265) ($4,459) ($2,241) $8,123
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Weighted average number of common shares outstanding................. 11,069 10,134 10,901 9,964
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) (a) 79
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Weighted average number of common and common equivalent
shares outstanding................................................ 11,069 10,134 10,901 10,043
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Primary net income (loss) per average common share $(0.57) $(0.44) $(0.21) $0.81
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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.......................................($6,265) ($4,459) ($2,241) $8,123
Adjustments for assumed conversion of the 9% convertible
subordinated debentures:
Add interest on the debentures....................................... (a) (a) (a) 3,927
Add amortization expense on the debentures........................... (a) (a) (a) 363
Add foreign exchange loss recognized on interest payable
on convertible debentures......................................... (a) (a) (a) 20
Add foreign exchange transaction loss recognized
on the debentures................................................. (a) (a) (a) 354
Less income tax effect of the debentures............................. (a) (a) (a) (1,586)
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Net income (loss), as adjusted.......................................($6,265) ($4,459) ($2,241) $11,201
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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........................ 11,069 10,134 10,901 9,964
Adjustments for assumed conversion of the 9% convertible subordinated
debentures to common stock........................................ (a) (a) (a) 7,124
Adjustments for assumed exercise of warrants and stock options,
net of assumed treasury stock repurchases at period end prices... (a) (a) (a) 79
Weighted average number of common and common equivalent shares
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outstanding, as adjusted.......................................... 11,069 10,134 10,901 17,186
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Fully diluted net income (loss) per average
common share...................................................... $(0.57) $ (0.44) $ (0.21) $ 0.65
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(a) These items are anti-dilutive and thus are omitted from the calculation.