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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
------------------
August 3, 1996 July 29, 1995
-------------- -------------
PRIMARY EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 114,716 112,122
Assumed exercise of common stock equivalents (1) 6,739 7,655
Assumed conversion of subordinated notes 8,239 -
-------- --------
Weighted average common and common
equivalent shares 129,694 119,777
======== ========
Net income $ 43,796 $ 31,781
Interest related to convertible subordinated
notes, net of tax 1,455 -
-------- --------
Earnings available for common stock $ 45,251 $ 31,781
======== ========
PRIMARY EARNINGS PER SHARE $ 0.35 $ 0.27
======== ========
FULLY DILUTED EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 114,716 112,122
Assumed exercise of common stock equivalents (1) 6,785 7,806
Assumed conversion of subordinated notes 8,239 -
-------- --------
Weighted average common and common
equivalent shares 129,740 119,928
======== ========
Net income $ 43,796 $ 31,781
Interest related to convertible subordinated
notes, net of tax 1,455 -
-------- --------
Earnings available for common stock $ 45,251 $ 31,781
======== ========
FULLY DILUTED EARNINGS PER SHARE $ 0.35 $ 0.27
======== ========
<FN>
(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)
Nine Months Ended
-----------------
August 3, 1996 July 29, 1995
-------------- -------------
PRIMARY EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 114,015 111,614
Assumed exercise of common stock equivalents (1) 6,946 6,982
Assumed conversion of subordinated notes 6,810 -
-------- --------
Weighted average common and common
equivalent shares 127,771 118,596
======== ========
Net income $127,881 $ 84,136
Interest related to convertible subordinated
notes, net of tax 3,575 -
-------- --------
Earnings available for common stock $131,456 $ 84,136
======== ========
PRIMARY EARNINGS PER SHARE $ 1.03 $ 0.71
======== ========
FULLY DILUTED EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 114,015 111,614
Assumed exercise of common stock equivalents (1) 7,076 7,156
Assumed conversion of subordinated notes 6,810 -
-------- --------
Weighted average common and common
equivalent shares 127,901 118,770
======== ========
Net income $127,881 $ 84,136
Interest related to convertible subordinated
notes, net of tax 3,575 -
-------- --------
Earnings available for common stock $131,456 $ 84,136
======== ========
FULLY DILUTED EARNINGS PER SHARE $ 1.03 $ 0.71
======== ========
<FN>
(1) Computed based on the treasury stock method.
2