EXHIBIT 11.1
THE WARNACO GROUP, INC.
Calculation of Income (Loss) per Common Share
(in thousands except share data)
FOR THE FOR THE
THREE MONTHS ENDED SIX MONTHS ENDED
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JULY 6, JULY 8, JULY 6, JULY 8,
1996 1995 1996 1995
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Net income (loss) ($ 55,482) $ 9,265 ($ 40,264) $ 19,885
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Number of shares outstanding during the period 47,216,492 37,499,492 47,216,492 37,499,492
Restricted shares issued during the period 73,346 -- 36,673 --
Shares issued due to exercise of options 11,694 -- 5,846 --
Add: common equivalent shares using the treasury stock
method 6,874,592 4,789,822 6,592,469 4,486,455
Less: treasury stock (286,600) (286,600) (286,600) (286,600)
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Weighted average number of shares 53,889,524 42,002,714 53,564,880 41,699,347
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Net income (loss) per share ($1.03) $0.22 ($0.75) $0.48
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