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Exhibit 11
CML GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE
For the periods ended May 3, 1997
and April 27, 1996
Third Quarter Nine Months
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1997 1996 1997 1996
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Primary loss per share:
Weighted average number of shares outstanding:
Common 49,863,299 49,171,210 49,793,540 49,175,007
Shares deemed outstanding from:
Assumed issuance of deferred compensation awards 105,000 105,000 105,000 105,000
Assumed exercise of stock options 19,650 193,875 181,582 320,439
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Total 49,987,949 49,470,085 50,080,122 49,600,446
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Net loss $(8,602,000) $(36,245,000) $(27,438,000) $(81,316,000)
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Primary loss per share $ (0.17) $ (0.74) $ (0.55) $ (1.65)
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Weighted average number of shares outstanding, as
above 49,987,949 49,470,085 50,080,122 49,600,446
Shares deemed outstanding from the assumed conversion
of convertible subordinated debentures 1,604,877 1,604,877 1,604,877 1,604,877
Additional shares deemed outstanding from the assumed
exercise of stock options -- -- 16,423 --
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Total 51,592,826 51,074,962 51,701,422 51,205,323
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Additional income from the elimination of the interest
cost of the convertible subordinated debentures, net
of income tax effect $ 400,000 $ 393,000 $ 1,199,000 $ 1,174,000
Fully diluted loss per share $ (0.17) $ (0.74) $ (0.55) $ (1.65)
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