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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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1995 1994 1995 1994
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Primary earnings (loss) per share:
Weighted average number of shares
outstanding:
Common 49,536,857 50,512,151 49,795,869 50,571,798
Shares deemed outstanding from the
assumed exercise of stock options
and from deferred compensation
awards 680,142 1,042,153 769,933 1,209,823
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Total 50,216,999 51,554,304 50,565,802 51,781,621
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Net income $(39,630,000) $17,062,000 $ 2,929,000 $62,505,000
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Primary earnings (loss) per share ($0.80) $0.33 $0.06 $1.21
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Fully diluted earnings (loss) per share:
Weighted average number of shares
outstanding, as above 50,216,999 51,554,304 50,565,802 51,781,621
Shares deemed outstanding from the
assumed conversion of convertible
subordinated debentures 1,743,667 2,218,649 2,024,256 2,218,649
Additional shares deemed outstanding
from the assumed exercise of
stock options -- -- 2,642 33,683
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Total 51,960,666 53,772,953 52,592,700 54,033,953
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Additional income from the elimination of
the interest cost of the convertible subord-
inated debentures, net of income tax effect $411,000 $543,000 $1,442,000 $1,563,000
Fully diluted earnings (loss) per share ($0.80) $0.33 $0.06 $1.19
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