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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
SEPTEMBER 27, SEPTEMBER 28,
1997 1996
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PRIMARY EARNINGS PER SHARE COMPUTATION:
Weighted average shares outstanding .......... 8,685 8,612
Net effect of options-
based on the treasury stock method ........... 256 440
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Weighted average number of common shares
and equivalents outstanding during the period 8,941 9,052
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Income applicable to common shares and
equivalents .............................. $ 670 $ 489
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Net income per share ......................... $ .07 $ .05
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FULLY DILUTED EARNINGS PER SHARE COMPUTATION:
Weighted average shares outstanding .......... 8,685 8,612
Net effect of options-
based on the treasury stock method ........... 345 523
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Weighted average number of common shares
and equivalents outstanding during the period 9,030 9,135
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Income applicable to common shares and
equivalents .............................. $ 670 $ 489
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Net income per share ......................... $ .07 $ .05
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