AmeriKing, Inc.
Calculation of Earnings per Common Share
(Dollars in thousands, except per share amounts)
Six Periods Three Periods
December 31, January 2, April 1, April 2,
1996 to 1996 to 1997 to 1996 to
June 30, 1997 July 1, 1996 June 30, 1997 July 1, 1996
Net income before taxes $ 699 $ 677 $ 1,762 $ 1,337
Earnings available to stockholders
Dividends
Preferred Stock (225) (225) (113) (113)
Senior Preferred Stock (2,002) (1,017)
Amortization of issuance costs (60) (30)
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Earnings available to common stockholders (1,588) 452 602 1,224
Weighted average number of shares outstanding 897.34 863.29 901.39 863.29
Fully diluted weighted average number of shares
outstanding 999.99 969.99 999.99 969.99
Net income per common share (weighted average) $ (1.77) $ 0.52 $ 0.67 $ 1.29
Net income per common share (fully diluted) $ (1.59) $ 0.47 $ 0.60 $ 1.15
Total Shares
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Weighted average number of common shares:
Original shares 863.29 863.29 863.29 863.29
Option shares 4.05 8.10
Common stock units 30.00 30.00 30.00 30.00
------- ------- ------- -------
Total 897.34 893.29 901.39 893.29
Fully diluted weighted average number of common
shares:
Original shares 969.99 969.99 969.99 969.99
Common stock units 30.00 30.00 30.00 30.00
------- ------- ------- -------
Total 999.99 999.99 999.99 999.99