Exhibit 11.
Tyco Toys, Inc. and Subsidiaries
Statement Regarding Computation of Loss Per Share
(in thousands, except per share amounts)
For the Quarter Ended
March 31, 1994
----------------------------------------------------------------
As As (1) Fully
Reported Adjustments Primary Reported Adjustments Diluted
-------- ----------- ------- -------- ----------- -------
NET LOSS $(13,375) $ - $(13,375) $(13,375) $ 147 $(13,228)
====== ===== ====== ====== ==== ======
Fully
SHARES: Primary Diluted
------- -------
Average shares
outstanding 34,676 34,676
Additional shares
issued assuming
conversion of
debentures (2) - 1,397
------ ------
Total average shares
outstanding 34,676 36,073
====== ======
NET LOSS PER COMMON SHARE (3) $ (0.39) $ (0.37)
==== ====
Note: Reference is made to Note 6 of Notes to Consolidated Financial Statements
included in Part I, Item 1 of this Report.
(1) Reflects the interest savings, net of taxes from the assumed
conversion (for fully diluted purposes only) of Convertible
Debentures (reference note 2), at the beginning of the year.
(2) Assumes the conversion (for fully diluted earnings per share only)
of the $13,500,000 of 7% Convertible Debentures into common stock
of the Company at a conversion price of $10 per share at the
beginning of the year.
(3) Fully diluted loss per share is not presented in the Consolidated
Statements of Operations since it is anti-dilutive.
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Exhibit 11.
Tyco Toys, Inc. and Subsidiaries
Statement Regarding Computation of Loss Per Share
(in thousands, except per share amounts)
For the Quarter Ended
March 31, 1993
----------------------------------------------------------------
As As (1) Fully
Reported Adjustments Primary Reported Adjustments Diluted
-------- ----------- ------- -------- ----------- -------
NET LOSS $(12,950) $ - $(12,950) $(12,950) $ 142 $(12,808)
====== ==== ====== ====== ==== ======
Fully
SHARES: Primary Diluted
------- -------
Average shares
outstanding 31,907 31,907
Incremental shares issued
assuming exercise of
stock options (2) 924 1,054
Additional shares
issued assuming
conversion of
debentures (3) - 1,350
----- ------
Total average shares
outstanding 32,831 34,311
======= ======
NET LOSS PER COMMON SHARE (4) $ (0.39) $ (0.37)
==== ====
Note: Reference is made to Note 6 of Notes to Consolidated Financial Statements
included in Part I, Item 1 of this Report.
(1) Reflects the interest savings, net of taxes from the assumed conversion
of Convertible Debentures (reference note 3), at the beginning of the
year.
(2) Reflects the shares issuable upon the assumed conversion of dilutive
stock options into common stock as of the beginning of the
period presented (or date of issuance, if later), net of shares
repurchased with the exercise proceeds.
(3) Assumes the conversion (for fully diluted earnings per share only) of the
$13,500,000 of 7% Convertible Debentures into common stock of the Company
at a conversion price of $10 per share as of the beginning of the year.
(4) Fully diluted loss per share is not presented in the Consolidated
Statements of Operations since it is anti-dilutive.
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