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EXHIBIT 11
CANNONDALE CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT FOR PER-SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED NINE MONTHS ENDED
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MARCH 29, MARCH 30, MARCH 29, MARCH 30,
1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE COMPUTATION:
Weighted average shares outstanding .......... 8,648 8,564 8,625 8,089
Net effect of options-
based on the treasury stock method ........... 310 328 297 357
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Weighted average number of common shares
and equivalents outstanding during the period 8,958 8,892 8,922 8,446
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Income applicable to common shares and
equivalents ............................... $5,552 $4,224 $9,194 $6,642
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Net income per share ......................... $ .62 $ .48 $ 1.03 $ .79
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FULLY DILUTED EARNINGS PER SHARE COMPUTATION:
Weighted average shares outstanding .......... 8,648 8,564 8,625 8,089
Net effect of options-
based on the treasury stock method ........... 310 400 297 409
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Weighted average number of common shares
and equivalents outstanding during the period 8,958 8,964 8,922 8,498
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Income applicable to common shares and
equivalents ............................... $5,552 $4,224 $9,194 $6,642
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Net income per share ......................... $ .62 $ .47 $ 1.03 $ .78
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