EXHIBIT 11.1 THE WARNACO GROUP, INC. Calculation of Income per Common Share (in thousands except share data) For the Quarter Ended ---------------------------- April 8, 1995 April 9, 1994 ------------- ------------- Net income $ 10,620 $ 8,961(1) =========== ========== Weighted average number of shares outstanding during the period 37,499,492 36,541,894 Add: common equivalent shares using the treasury stock method 4,183,087 3,610,060 Less: treasury stock (286,600) -- ---------- ---------- Weighted average number of shares 41,395,979 40,151,954 =========== ========== Net income per share $ 0.26 $ 0.22(1) ====== ====== (1) Net income and net income per share, before the loss on the California earthquake and after a pro forma provision for income taxes at an effective income tax rate of 38%, was $7,881 or $0.20 per share for the first quarter of fiscal 1994.