Exhibit 11.2
Tyco Toys, Inc. and Subsidiaries
Statement Regarding Computation of Loss Per Share
(in thousands, except per share amounts)
For the Six Months Ended
June 30, 1994
--------------------------------------------------------------
As As (1) Fully
Reported Adjustments Primary Reported Adjustments Diluted
-------- ----------- ------- -------- ----------- -------
NET LOSS $(12,168) $ $(12,168) $(12,168) $293 $(11,875)
Preferred stock dividend 625 - 625 625 - 625
------ ---- ------ ------ --- ------
NET LOSS AVAILABLE TO COMMON
SHAREHOLDERS $(12,793) $ - $(12,793) $(12,793) $293 $(12,500)
====== ==== ====== ====== === ======
Fully
SHARES Primary Diluted
------- -------
Average shares outstanding 34,676 34,676
Additional shares issued assuming conversion of:
Debentures (2) 1,397
Preferred stock (3) - 2,072
------ ------
Total average shares outstanding 34,676 38,145
====== ======
NET LOSS PER COMMON SHARE (4) $(0.37) $(0.33)
==== ====
Note: Reference is made to Note 6 to Consolidated Financial Statements in Part
I, Item 1 of this report.
(1) Reflects the interest savings, net of taxes, from the conversion of
convertible debentures (reference note 2 below), at the beginning of the
year.
(2) Assumes the conversion (for fully diluted earnings per share only) of the
$13,973,000 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
(or date of issuance, if later).
(3) Assumes the conversion (for fully diluted earnings per share only) of the
$50,000,000 of the 6% voting convertible, exchangeable preferred stock
into 4,999,995 shares of the Company's common stock at a conversion price
of $10 per share as of April 15, 1994, the date of issuance.
(4) Fully diluted loss per share is not presented in the Consolidated
Statements of Operations since it is anti-dilutive.
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Exhibit 11.2
Tyco Toys, Inc. and Subsidiaries
Statement Regarding Computation of Loss Per Share
(in thousands, except per share amounts)
For the Six Months Ended
June 30, 1993
---------------------------------------------------------------
As As (1) Fully
Reported Adjustments Primary Reported Adjustments Diluted
-------- ----------- ------- -------- ----------- -------
NET LOSS $(16,480) $ - $(16,480) $(16,480) $284 $(16,196)
====== ==== ====== ====== === ======
Fully
SHARES Primary Diluted
------- -------
Average shares outstanding 32,503 32,503
Incremental shares issued assuming exercise of
stock options (2)(5) 767 767
Additional shares issued assuming conversion of
Debentures (3) - 1,350
------ ------
Total average shares outstanding 33,270 34,620
====== ======
NET LOSS PER COMMON SHARE (4) $(0.50) $(0.47)
==== ====
Note: Reference is made to Note 6 to Consolidated Financial Statements in Part
I, Item 1 of this report.
(1) Reflects the interest savings, net of taxes from the conversion of
convertible debentures (reference note 3), at the beginning of the year.
(2) Reflects the shares issuable upon the assumed conversion of all the
outstanding stock options 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.
(5) For financial statement purposes, the incremental shares for primary
earnings per share have not been included, as the effect is
anti-dilutive.
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