EXHIBIT 11.1
THE WARNACO GROUP INC.
CALCULATION OF INCOME PER COMMON SHARE
FOR THE FOR THE
QUARTER ENDED SIX MONTHS ENDED
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JULY 8, JULY 9, JULY 8, JULY 9,
1995 1994 1995 1994
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(IN THOUSANDS EXCEPT SHARE DATA)
Net income.......................................... $9,265 $9,086(1) $19,885 $18,047(1)
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Weighted average number of shares outstanding during
the period........................................ 37,499,492 38,435,644 37,499,492 37,609,920
Add: common equivalent shares using the treasury
stock method...................................... 4,789,822 3,235,476 4,486,455 3,104,824
Less: treasury stock................................ (286,600) -- (286,600) --
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Weighted average number of shares................... 42,002,714 41,671,120 41,699,347 40,714,744
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Net income per share................................ $0.22 $0.22(1) $0.48 $0.44(1)
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(1) Net income and net income per share before the loss on the California
earthquake and after a pro forma provision for income taxes at an effective
income tax rate of 38% was $6.098 or $0.15 per share for the second quarter
of fiscal 1994 and $13,979 or $0.34 per share for the first six months of
fiscal 1994.