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Exhibit 11
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CML GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Third Quarter Nine Months
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1994 1993 1994 1993
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Primary earnings per share:
Weighted average number of shares
outstanding:
Common 50,512,151 50,586,976 50,571,798 49,878,072
Shares deemed outstanding from the
assumed exercise of stock options
and from deferred compensation
awards 1,042,153 1,407,815 1,209,823 2,091,848
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Total 51,554,304 51,994,791 51,781,621 51,969,920
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Net income $17,062,000 $15,015,000 $62,505,000 $53,296,000
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Primary earnings per share $0.33 $0.29 $1.21 $1.03
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Fully diluted earnings per share:
Weighted average number of shares
outstanding, as above 51,554,304 51,994,791 51,781,621 51,969,920
Shares deemed outstanding from the
assumed conversion of convertible
subordinated debentures 2,218,649 2,218,649 2,218,649 739,549
Additional shares deemed outstanding
from the assumed exercise of
stock options -- 39,840 33,683 145,611
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Total 53,772,953 54,253,280 54,033,953 52,855,080
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Additional income from the elimination of
the interest cost of the convertible subord-
inated debentures, net of income tax effect $543,000 $504,000 $1,563,000 $504,000
Fully diluted earnings per share $0.33 $0.29 $1.19 $1.02
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