EXHIBIT 11
SCIENTIFIC-ATLANTA, INC., AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED THREE MONTHS ENDED
JANUARY 1, 1999 DECEMBER 26, 1997
------------------------------ ---------------------------
PER SHARE PER SHARE
EARNINGS SHARES AMOUNT EARNINGS SHARES AMOUNT
--------- ------ --------- -------- ------ ---------
BASIC EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders $ 19,188 75,274 $ 0.25 $ 14,832 78,885 $ 0.19
EFFECT OF DILUTIVE SECURITIES
Options -- 757 -- -- 1,264 --
------ ------ ------ ------ ------ ------
DILUTED EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders
and assumed conversions $ 19,188 76,031 $ 0.25 $ 14,832 80,149 $ 0.19
====== ====== ====== ====== ====== ======
SIX MONTHS ENDED SIX MONTHS ENDED
JANUARY 1, 1999 DECEMBER 26, 1997
------------------------------ ---------------------------
PER SHARE PER SHARE
EARNINGS SHARES AMOUNT EARNINGS SHARES AMOUNT
--------- ------ --------- -------- ------ ---------
BASIC EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders $ 34,182 77,245 $ 0.44 $ 31,317 78,567 $ 0.40
EFFECT OF DILUTIVE SECURITIES
Options -- 1,095 -- -- 1,471 --
------ ------ ------ ------ ------ ------
DILUTED EARNINGS PER
COMMON SHARE
Earnings from continuing operations
available to common stockholders
and assumed conversions $ 34,182 78,340 $ 0.44 $ 31,317 80,038 $ 0.40
====== ====== ====== ====== ====== ======
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:
January 1, 1999 December 26, 1997
--------------- -----------------
Number of options outstanding 4,944 3,341
Weighted average exercise price $22.473 $22.371
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