THE WARNACO GROUP, INC. Calculation of Net Income Per Share Three Months Ended ----------------------------- April 6, April 8, 1996 1995 ----------- ----------- Net income $15,218,000 $10,620,000 =========== =========== Net income per share $0.29 $0.26 =========== =========== Weighted average number of shares of common stock outstanding: Class A common stock issued 49,122,262 37,499,492 Shares issued in underwritten public offering -- -- Shares of restricted stock issued 320,000 -- Shares issued upon exercise of options 19,115 -- Common stock equivalents - using the Treasury stock method 4,065,458 4,183,087 Less: Treasury stock held (286,600) (286,600) ----------- ----------- Weighted average number of shares of common stock outstanding 53,240,235 41,395,979 =========== ===========