EXHIBIT 11
QMS, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE NET INCOME (LOSS)
For the Fiscal Year Ended December 31, 1999, the Transition Period Ended January
1, 1999, and the Fiscal Years Ended October 2, 1998, and October 3, 1997
Transition
(in thousands, except per share amounts) 1999 Period 1998 1997
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Net income (loss) $(27,400) $ 112 $ 1,825 $(26,122)
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Shares used in this computation:
Weighted average common shares
outstanding (basic) 12,152 10,697 10,697 10,696
Shares applicable to stock options, net
of shares assumed to be purchased
from proceeds at average market 0 179 190 0
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Total diluted shares 12,152 10,876 10,887 10,696
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Net income (loss) per common share:
Basic and diluted before extraordinary loss $ (2.22) $ 0.01 $ 0.17 $ (2.44)
Extraordinary loss (0.03) .00 .00 .00
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Basic and diluted after extraordinary loss $ (2.25) $ 0.01 $ 0.17 $ (2.44)
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Weighted average number of shares used in
computing net income (loss) per share:
Basic 12,152 10,697 10,697 10,696
Diluted 12,152 10,887 10,887 10,696