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Exhibit 11
CML GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE
For the periods ended April 27, 1996 and April 29, 1995
Third Quarter Nine Months
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1996 1995 1996 1995
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Primary earnings (loss) per share:
Weighted average number of shares
outstanding:
Common 49,171,210 49,536,857 49,175,007 49,795,869
Shares deemed outstanding from the
assumed exercise of stock options
and from deferred compensation
awards 298,875 680,142 425,439 769,933
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Total 49,470,085 50,216,999 49,600,446 50,565,802
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Net income (loss) ($36,245,000) ($39,630,000) ($81,316,000) $ 2,929,000
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Primary earnings (loss) per share ($ 0.74) ($ 0.80) ($ 1.65) $ 0.06
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Fully diluted earnings (loss) per share:
Weighted average number of shares
outstanding, as above 49,470,085 50,216,999 49,600,446 50,565,802
Shares deemed outstanding from the
assumed conversion of convertible
subordinated debentures 1,604,877 1,743,667 1,604,877 2,024,256
Additional shares deemed outstanding
from the assumed exercise of
stock options -- -- -- 2,642
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Total 51,074,962 51,960,666 51,205,323 52,592,700
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Additional income from the elimination of
the interest cost of the convertible subord-
inated debentures, net of income tax effect $ 393,000 $ 411,000 $ 1,174,000 $ 1,442,000
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Fully diluted earnings (loss) per share ($ 0.74) ($ 0.80) ($ 1.65) $ 0.06
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142