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Exhibit 11-1
Analog Devices, Inc.
Computation of Earnings Per Share (Unaudited)
(in thousands, except per share data)
Three Months Ended
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May 4, 1996 April 29, 1995
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PRIMARY EARNINGS PER SHARE:
Weighted average common and common
equivalent shares:
Weighted average common shares outstanding 113,943 111,480
Assumed exercise of common stock equivalents (1) 7,253 6,888
Assumed conversion of subordinated notes 8,239 -
-------- -------
Weighted average common and common
equivalent shares 129,435 118,368
======== =======
Net income $ 43,993 $ 28,707
Interest related to convertible subordinated
notes, net of tax 1,401 -
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Earnings available for common stock $ 45,394 $ 28,707
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PRIMARY EARNINGS PER SHARE $ 0.35 $ 0.24
======== ========
FULLY DILUTED EARNINGS PER SHARE:
Weighted average common and common
equivalent shares:
Weighted average common shares outstanding 113,943 111,480
Assumed exercise of common stock equivalents (1) 7,459 7,235
Assumed conversion of subordinated notes 8,239 -
-------- --------
Weighted average common and common
equivalent shares 129,641 118,715
======== ========
Net income $ 43,993 $ 28,707
Interest related to convertible subordinated
notes, net of tax 1,401 -
-------- --------
Earnings available for common stock $ 45,394 $ 28,707
======== =======
FULLY DILUTED EARNINGS PER SHARE $ 0.35 $ 0.24
======== ========
(1) Computed based on the treasury stock method.
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Exhibit 11-1(Cont'd)
Analog Devices, Inc.
Computation of Earnings Per Share (Unaudited)
(in thousands, except per share data)
Six Months Ended
----------------
May 4, 1996 April 29, 1995
----------- --------------
PRIMARY EARNINGS PER SHARE:
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 113,665 111,360
Assumed exercise of common stock equivalents (1) 7,050 6,647
Assumed conversion of subordinated notes 6,095 -
-------- -------
Weighted average common and common
equivalent shares 126,810 118,007
======== =======
Net income $ 84,085 $ 52,355
Interest related to convertible subordinated
notes, net of tax 2,120 -
-------- --------
Earnings available for common stock $ 86,205 $ 52,355
======== ========
PRIMARY EARNINGS PER SHARE $ 0.68 $ 0.44
======== ========
FULLY DILUTED EARNINGS PER SHARE:
Weighted average common and common
equivalent shares:
Weighted average common shares outstanding 113,665 111,360
Assumed exercise of common stock equivalents (1) 7,222 6,831
Assumed conversion of subordinated notes 6,095 -
-------- --------
Weighted average common and common
equivalent shares 126,982 118,191
======== ========
Net income $ 84,085 $ 52,355
Interest related to convertible subordinated
notes, net of tax 2,120 -
-------- --------
Earnings available for common stock $ 86,205 $ 52,355
======== ========
FULLY DILUTED EARNINGS PER SHARE $ 0.68 $ 0.44
======== ========
(1) Computed based on the treasury stock method.
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