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HANOVER DIRECT, INC. EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(In 000's except per share amounts)
13 WEEKS ENDED
SEPTEMBER 28, SEPTEMBER 27,
1996 1997
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Net income (loss) before extraordinary item $ (28,431) $ (3,421)
Extraordinary item (1,134) --
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Net income (loss) (29,565) (3,421)
Preferred stock dividends (59) (47)
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Net income (loss) applicable to common shareholders $ (29,624) $ (3,468)
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Average shares of common stock outstanding during the period 114,252 200,330
Total shares used to calculate PEPS* 114,252 200,330
Primary earnings per share:
Earnings (loss) before extraordinary item $ (0.25) $ (0.02)
Extraordinary item (0.01) --
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Primary earnings per share (0.26) (0.02)
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Average shares of common stock outstanding during the period 114,252 200,330
Total shares used to calculate FDEPS* 114,252 200,330
Fully diluted earnings per share:
Earnings (loss) before extraordinary item $ (0.25) $ (0.02)
Extraordinary item (0.01) --
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Fully diluted earnings per share $ (0.26) (0.02)
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Average shares of common stock outstanding during the period 114,252 200,300
Basic earnings per share:
Earnings (loss) before extraordinary item $ (0.25) $ (0.02)
Extraordinary item (0.01) --
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Basic earnings per share $ (0.26) $ (0.02)
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*Per APB 15, when a net loss is reported, exercise or conversion of stock
options is not to be assumed.
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