Exhibit 11
SCIENTIFIC-ATLANTA, INC., AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED THREE MONTHS ENDED
DECEMBER 26, 1997 DECEMBER 27, 1996
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PER SHARE PER SHARE
EARNINGS SHARES AMOUNT EARNINGS SHARES AMOUNT
------- ------ --------- ------- ------ ---------
BASIC EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders $14,832 78,885 $0.19 $13,752 77,205 $0.18
EFFECT OF DILUTIVE SECURITIES
Options -- 1,264 -- -- 1,182 --
------- ------ ----- ------- ------ -----
DILUTED EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders
and assumed conversions $14,832 80,149 $0.19 $13,752 78,387 $0.18
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SIX MONTHS ENDED SIX MONTHS ENDED
DECEMBER 26, 1997 DECEMBER 27, 1996
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PER SHARE PER SHARE
EARNINGS SHARES AMOUNT EARNINGS SHARES AMOUNT
------- ------ --------- ------- ------ ---------
BASIC EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders $31,317 78,567 $0.40 $24,562 77,166 $0.32
EFFECT OF DILUTIVE SECURITIES
Options -- 1,471 -- -- 1,083 --
------- ------ ----- ------- ------ -----
DILUTED EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders
and assumed conversions $31,317 80,038 $0.40 $24,562 78,249 $0.32
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The following information pertains to options to purchase shares of common stock
which were not included in the computation of Diluted Earnings per Common Share
because the options' exercise price was greater than the average market price of
the common shares:
December 26, 1997 December 27, 1996
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Number of options outstanding 3,341 2,926
Weighted average exercise price $22.371 $20.545