AUTHENTIC FITNESS CORPORATION
CALCULATION OF INCOME PER COMMON SHARE
(IN THOUSANDS EXCEPT PER SHARE DATA)
SECOND QUARTER ENDED SIX MONTHS ENDED
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DECEMBER 30, DECEMBER 31, DECEMBER 30, DECEMBER 31,
1995 1994 1995 1994
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Net income (loss) $ (1,164) $ 4,454 $ (1,011) $ 8,519
Weighted average number of shares of common stock ----------- ---------- ----------- -----------
outstanding during the period ----------- ---------- ----------- -----------
Shares outstanding at the beginning of the period 17,789,104 17,724,438 17,789,104 17,724,438
Shares sold in public offering (2,500,000) completed
October 19, 1996 1,950,549 -- 975,275 --
Weighted average shares outstanding due to option
exercised during the period -- 38,280 43,960
Common stock equivalents:
Series A Warrants(1) 266,348 3,618,358 2,538,843 3,618,358
Option shares outstanding using the treasury
stock method -- 370,376 690,403 313,876
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Weighted average number of shares of common stock
outstanding 22,006,001 21,713,172 22,031,905 21,700,632
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Net income per common share $ (0.06) $ 0.21 $ 0.05 $ 0.30
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(1) Reflects the purchase of one half of the Series A Warrant representing
1,806,179 shares of common stock from General Electric Capital Corporation
for $20 share or $36,183,580 on September 13, 1996.