1 EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS TSX CORPORATION AND SUBSIDIARY Three Months Ended July 27, 1996 July 29, 1995 -------------------- ------------------- (Expressed in Thousands, except per share data) PRIMARY Average shares outstanding 15,409 14,810 Net effect of dilutive stock options and warrants 701 1,031 -------- -------- TOTAL 16,110 15,841 ======== ======== Net Income $ 3,496 $ 3,202 ======== ======== Net Income per share $ 0.22 $ 0.20 ======== ======== FULLY DILUTED Average shares outstanding 15,409 14,810 Net effect of dilutive stock options and warrants 768 1,211 -------- -------- TOTAL 16,177 16,021 ======== ======== Net Income $ 3,496 $ 3,202 ======== ======== Net Income per share $ 0.22 $ 0.20 ======== ======== 14