1
Exhibit 11
Primary
LCI INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
PRIMARY
(In thousands, except per share data)
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For the Three Months Ended March 31,
INCOME ON COMMON STOCK 1996 1995
========================================================= ------------------------------------
NET INCOME $15,286 $10,464
SHARES OUTSTANDING
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Weighted Average Number of Common Shares Outstanding 66,078 59,330
Common Shares Issuable Upon the Assumed Exercise of Stock
Options and Stock Warrants 14,604 12,464
Common Shares Repurchased Through Treasury Stock Method
Upon the Assumed Exercise of Stock Options and Stock (4,873) (5,514)
Warrants
Assumed Conversion of Convertible Preferred Stock 10,526 12,104
------------------------------------
Weighted Average Number of Common Shares 86,335 78,384
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EARNINGS PER SHARE
==========================================================
NET INCOME PER COMMON SHARE $ 0.18 $ 0.13
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2
Exhibit 11
Fully Diluted
LCI INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
FULLY DILUTED
(In thousands, except per share data)
-----------------------------------
For the Three Months Ended March 31,
INCOME ON COMMON STOCK 1996 1995
========================================================= -----------------------------------
NET INCOME $15,286 $10,464
SHARES OUTSTANDING
=========================================================
Weighted Average Number of Common Shares Outstanding 66,078 59,330
Common Shares Issuable Upon the Assumed Exercise of Stock
Options and Stock Warrants 14,604 12,464
Common Shares Repurchased Through Treasury Stock Method
Upon the Assumed Exercise of Stock Options and Stock (4,615) (5,076)
Warrants
Assumed Conversion of Convertible Preferred Stock 10,526 12,104
-----------------------------------
Weighted Average Number of Common Shares 86,593 78,822
===================================
EARNINGS PER SHARE
=========================================================
NET INCOME PER COMMON SHARE $ 0.18 $ 0.13
===================================