THE WARNACO GROUP INC.
CALCULATION OF INCOME PER COMMON SHARE
THREE MONTHS ENDED SIX MONTHS ENDED
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JULY 5, JULY 6, JULY 5, JULY 6,
1997 1996 1997 1996
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(IN THOUSANDS EXCEPT PER SHARE DATA)
Net income (loss).................................. $17,155 $(55,482) $35,281 $(40,264)
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Weighted average number of shares outstanding
during the period:
Shares outstanding during the period.......... 49,809,312 49,431,416 49,809,312 49,431,416
Restricted shares issued during the period......... 84,607 73,346 42,303 36,673
Shares issued due to exercise of options...... 160,038 84,642 104,079 57,302
Add: common equivalent shares using the
treasury stock method....................... 4,928,891 4,586,720 4,875,854 4,326,089
Less: treasury stock.......................... (699,400) (286,600) (649,308) (286,600)
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Weighted average number of shares.................. 54,283,448 53,889,524 54,182,240 53,564,880
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Net income (loss) per share........................ $0.32 $(1.03) $0.65 $(0.75)
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