Exhibit 11
Tyco Toys, Inc.
Computation of Per Share Loss
(in thousands, except per share amounts)
1995 1994
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Primary Loss Per Share:
1. Net loss $ (6,669) $ (13,375)
2. Less preferred dividends 784 -
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3. Net loss applicable to common shareholders $ (7,453) $ (13,375)
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4. Weighted average shares outstanding 34,757 34,676
5. Add additional shares issuable upon the assumed exercise
of outstanding stock options * - -
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6. Adjusted weighted average shares outstanding 34,757 34,676
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7. Net loss per share (3/6) $ (0.21) $ (0.39)
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Fully Diluted Loss Per Share:
8. Line 3 above $ (7,453) $ (13,375)
9. Add back preferred dividends (line 2) 784 -
10. Add back interest, net of tax, on assumed conversion of
the Company's 7% Convertible Subordinated Notes 169 147
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11. Adjusted net loss $ (6,500) $ (13,228)
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12. Weighted average shares outstanding (line 4) 34,757 34,676
13. Add additional shares issuable upon the assumed exercise
of outstanding stock options* - -
14. Add additional shares issuable upon assumed
conversion of the Company's 7% Convertible
Subordinated Notes 1,497 1,397
15. Add additional shares issuable upon assumed
conversion of preferred shares 4,965 -
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16. Adjusted weighted average shares outstanding 41,219 36,073
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17. Net loss per share (11/16) ** $ (0.16) $ (0.37)
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* For the calculation of loss per share, the inclusion of the assumed exercise
of options for the quarters ended March 31, 1995 and 1994 was anti-dilutive
and therefore such assumed exercise has been excluded from the per share
calculations.
** Fully diluted loss per share is not presented in the Consolidated Statements
of Operations as the assumed conversions of the Company's Convertible
Preferred Stock and Convertible Subordinated Notes are anti-dilutive.
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