1
Exhibit 11-1
Analog Devices, Inc.
Computation of Earnings Per Share (Unaudited)
(in thousands, except per share data)
Three Months Ended
--------------------------------
August 2, 1997 August 3, 1996
-------------- --------------
PRIMARY EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 159,649 152,950
Assumed exercise of common stock equivalents (1) 7,139 8,986
Assumed conversion of subordinated notes 10,985 10,985
-------- --------
Weighted average common and common
equivalent shares 177,773 172,921
======== ========
Net income $ 45,969 $ 43,796
Interest related to convertible subordinated
notes, net of tax 1,425 1,455
-------- --------
Earnings available for common stock $ 47,394 $ 45,251
======== ========
PRIMARY EARNINGS PER SHARE $ 0.27 $ 0.26
======== ========
FULLY DILUTED EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 159,649 152,950
Assumed exercise of common stock equivalents (1) 7,835 9,046
Assumed conversion of subordinated notes 10,985 10,985
-------- --------
Weighted average common and common
equivalent shares 178,469 172,981
======== ========
Net income $ 45,969 $ 43,796
Interest related to convertible subordinated
notes, net of tax 1,425 1,455
-------- --------
Earnings available for common stock $ 47,394 $ 45,251
======== ========
FULLY DILUTED EARNINGS PER SHARE $ 0.27 $ 0.26
======== ========
(1) Computed based on the treasury stock method.
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2
Exhibit 11-1(Continued)
Analog Devices, Inc.
Computation of Earnings Per Share (Unaudited)
(in thousands, except per share data)
Nine Months Ended
--------------------------------
August 2, 1997 August 3, 1996
-------------- --------------
PRIMARY EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 158,837 152,016
Assumed exercise of common stock equivalents (1) 6,993 9,266
Assumed conversion of subordinated notes 10,985 9,079
-------- --------
Weighted average common and common
equivalent shares 176,815 170,361
======== ========
Net income $127,267 $127,881
Interest related to convertible subordinated
notes, net of tax 4,275 3,575
-------- --------
Earnings available for common stock $131,542 $131,456
======== ========
PRIMARY EARNINGS PER SHARE $ 0.75 $ 0.77
======== ========
FULLY DILUTED EARNINGS PER SHARE
Weighted average common and common equivalent shares:
Weighted average common shares outstanding 158,837 152,016
Assumed exercise of common stock equivalents (1) 7,421 9,435
Assumed conversion of subordinated notes 10,985 9,079
-------- --------
Weighted average common and common
equivalent shares 177,243 170,530
======== ========
Net income $127,267 $127,881
Interest related to convertible subordinated
notes, net of tax 4,275 3,575
-------- --------
Earnings available for common stock $131,542 $131,456
======== ========
FULLY DILUTED EARNINGS PER SHARE $ 0.75 $ 0.77
======== ========
(1) Computed based on the treasury stock method.
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