INTERTAN INC. Exhibit 11
Statement of Computation of Earnings Per Share
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(in thousands, except per share data)
Three Months ended
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September 30
1996 1995
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Primary Earnings Per Share
Net loss................................................................. $ (4,607) $ (2,205)
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Weighted average number of common shares outstanding..................... 11,231 10,453
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)
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Weighted average number of common and common equivalent
shares outstanding.................................................... 11,231 10,453
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Primary net loss per average common share................................ $ (0.41) $ (0.21)
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Fully Diluted Earnings Per Share
Reconciliation of net loss per statements to amounts used in
computation of fully diluted net loss per average common share:
Net loss, as reported.................................................... $ (4,607) $ (2,205)
Adjustments for assumed conversion of the 9% convertible
subordinated debentures:
Add interest on the debentures........................................... (a) (a)
Add amortization expense on the debentures............................... (a) (a)
Less foreign exchange gain recognized on interest payable
on convertible debentures............................................. (a) (a)
Less foreign exchange transaction loss (gain) recognized
on the debentures..................................................... (a) (a)
Add income tax effect on the debentures.................................. (a) (a)
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Net loss, as adjusted.................................................... $ (4,607) $ (2,205)
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Reconciliation of weighted average number of shares outstanding to
amount used in computation of fully diluted net loss per average
common share:
Weighted average number of shares outstanding............................ 11,231 10,453
Adjustments for assumed conversion of 9% convertible subordinated
debentures to common stock as of the date of issuance,
November 26, 1993..................................................... (a) (a)
Adjustments for assumed exercise of warrants and stock options,
net of assumed treasury stock repurchases at period end prices....... (a) (a)
Weighted average number of common and common equivalent shares........... ------------------------------
outstanding, as adjusted.............................................. 11,231 10,453
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Fully diluted net loss per average common shares......................... $ (0.41) $ (0.21)
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(a) These items are anti-dilutive and thus are omitted from the calculation.