Exhibit 11.0
CONNER PERIPHERALS, INC.
(11) - STATEMENT RE: COMPUTATION OF EARNINGS/(LOSS) PER SHARE
(In thousands, except per share data)
Three months ended
March 31,
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1994 1993
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Primary:
Weighted average shares outstanding 50,720 48,554
Net effect of dilutive stock options 1,299 N/A
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Total 52,019 48,554
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Net income/(loss) $23,804 $(22,544)
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Earnings/(loss) per share $ 0.46 $ (0.46)
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Fully diluted:
Weighted average shares outstanding 50,720 48,554
Net effect of dilutive stock options 1,305 N/A
Assumed conversion of:
6.75% Subordinated Convertible Debentures 7,931 N/A
6.5% Subordinated Convertible Debentures 14,375 N/A
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Total 74,331 48,554
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Net income/(loss) $23,804 $(22,544)
Add:
6.75% Subordinated Convertible Debenture interest,
net of income taxes 2,290 N/A
6.5% Subordinated Convertible Debenture interest,
net of income taxes 3,308 N/A
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Total $29,402 $(22,544)
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Earnings/(loss) per share $ 0.40 $ (0.46)
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N/A - not applicable, item is anti-dilutive and therefore excluded from the
calculation of earnings/(loss) per share
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