EXHIBIT 11.1
THE WARNACO GROUP, INC.
Calculation of Income per Common Share
(in thousands except share data)
For the Quarter Ended For the Nine Months Ended
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October 7, October 8, October 7, October 8,
1995 1994 1995 1994
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Net income..................................... $ 18,091 $ 21,711 $ 37,976 $ 39,758
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Weighted average number of shares
outstanding during the period:
Shares outstanding............................. 37,499,492 38,749,795 37,499,492 37,916,367
Add:
Shares issued in public offering........ 1,511,011 -- 503,670 --
Common equivalent shares using the
Treasury Stock method.............. 5,805,364 3,053,149 4,925,143 3,292,305
Less: treasury stock.......................... (286,600) -- (286,600) --
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Weighted average number of shares
outstanding during the period................ 44,529,267 41,802,944 42,641,705 41,208,672
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Net income per share........................... $0.41 $0.52(1) $0.89 $0.96(1)
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<FN>
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(1) Net income and net income per share before the loss on the California
earthquake and after a normalized provision for income taxes at an
effective income tax rate of 38% was $13,771 or $0.33 per share for
the third quarter of fiscal 1994 and $27,750 or $0.67 per share for
the nine months ended October 8, 1994.