1 EXHIBIT 11 KENT ELECTRONICS CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE FROM CONTINUING OPERATIONS (In thousands, except per share data) For the Thirteen Weeks Ended For the Thirteen Weeks Ended December 30, 2000 January 1, 2000 --------------------------------- --------------------------------- Per-Share Per-Share Earnings Shares Amount Earnings Shares Amount -------- ------ --------- -------- ------ --------- BASIC EARNINGS PER SHARE Earnings from continuing operations $ 9,686 28,583 $ 0.34 $ 6,199 28,057 $ 0.22 ======= ======= EFFECT OF DILUTIVE SECURITIES Excess of shares issuable upon exercise of stock options over shares deemed retired utilizing the treasury stock method -- 529 -- 914 ------- ------- ------- ------- DILUTED EARNINGS PER SHARE Earnings from continuing operations plus assumed conversions $ 9,686 29,112 $ 0.33 $ 6,199 28,971 $ 0.21 ======= ======= ======= ======= ======= ======= For the Thirty-Nine Weeks Ended For the Thirty-Nine Weeks Ended December 30, 2000 January 1, 2000 --------------------------------- --------------------------------- Per-Share Per-Share Earnings Shares Amount Earnings Shares Amount -------- ------ --------- -------- ------ --------- BASIC EARNINGS PER SHARE Earnings from continuing operations $22,398 28,492 $ 0.79 $11,444 28,008 $ 0.41 ======= ======= EFFECT OF DILUTIVE SECURITIES Excess of shares issuable upon exercise of stock options over shares deemed retired utilizing the treasury stock method -- 969 -- 672 ------- ------- ------- ------- DILUTED EARNINGS PER SHARE Earnings from continuing operations plus assumed conversions $22,398 29,461 $ 0.76 $11,444 28,680 $ 0.40 ======= ======= ======= ======= ======= =======