Exhibit 11
TYCO TOYS, INC.
COMPUTATION OF PER SHARE EARNINGS (LOSS)
(in thousands except per share amounts)
1995 1994 1993
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Primary loss Per Share:
1. Net loss $(27,229) $(32,973) $(69,940)
2. Less preferred dividends 3,200 2,157 -
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3. Net loss applicable to common
shareholders $(30,429) $(35,130) $(69,940)
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4. Weighted average shares outstanding 34,788 34,687 33,595
5. Add additional shares issuable upon the
assumed exercise of outstanding stock
options * - - -
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6. Adjusted weighted average shares outstanding 34,788 34,687 33,595
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7. Net loss per share (3/6) $ (0.87) $ (1.01) $ (2.08)
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Fully Diluted Loss Per Share:
8. Line 3 above $(30,429) $(35,130) $(69,940)
9. Add back preferred dividends (line 2 above) 3,200 2,157 -
10. Add back interest, net of tax, on assumed
conversion of the Company's 7% Convertible
Subordinated Notes 1,066 995 567
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11. Adjusted net loss $(26,163) $(31,978) $(69,373)
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12. Line 4 above 34,788 34,687 33,595
13. Add additional shares issuable upon assumed
conversion of preferred shares from dates of
issuance 5,326 3,749 -
14. Add additional shares issuable upon assumed
conversion of the Company's 7% Convertible
Subordinated Notes from dates of issuance 1,523 1,430 1,350
15. Add additional shares issuable upon the assumed
conversion of outstanding stock options * - - -
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16. Adjusted weighted average shares outstanding 41,637 39,866 34,945
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17. Net loss per share (11/16) * $ (0.63) $ (0.80) $ (1.99)
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* For the calculation of loss per share, the inclusion of the assumed exercise
of options for the three years ended 1995, 1994 and 1993 did not result in a
dilutive effect and were therefore excluded from the per share calculations.
** Fully diluted loss per share is not presented in the Consolidated Statements
of Operations as the assumed conversion of the Company's Convertible
Preferred Stock and Convertible Subordinated Notes is anti-dilutive.