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Exhibit 11
Marks Bros. Jewelers, Inc.
Computation of Per Share Earnings
(unaudited, amounts in thousands, except per share earnings)
Three Months Ended Six Months Ended
July 31, July 31, July 31, July 31,
1996 1995 1996 1995
-------- -------- --------- ---------
Primary earnings per share:
Income (loss) before
extraordinary gain $ 1,406 $(423) $ 548 $(2,655)
Extraordinary gain on
extinguishment of debt, net
of taxes 11,164 --- 11,164 ---
-------- -------- -------- ---------
Net income (loss) $12,570 $ (423) $ 11,712 $(2,655)
======== =========== ======== ========
Average shares
outstanding(1) 8,163,874 4,544,304 6,638,192 4,544,304
Additional shares assuming
conversion of Class B Shares 3,213 10,541 3,213 10,655
Common share equivalents
under the 1995 Option
Plan assuming the
treasury stock method 530,103 --- 570,939 ---
Common share equivalents
under the 1996 Option
Plan assuming the
treasury stock method 240,502 --- 74,416 ---
---------- ------------ -------- -----------
Averages number of common
shares and common share
equivalents outstanding 8,937,692 4,554,845 7,286,760 4,554,959
========== ========== ========= =========
Income (loss) before
extraordinary gain
per share $ .16 $ (.09) $ .08 (.58)
Extraordinary gain on
extinguishment of debt,
net of taxes per share 1.25 --- 1.53 ---
---------- ---------- ----------- ------------
Net income (loss) per share $ 1.41 $ (.09) $ 1.61 $ (.58)
========== ========== =========== ============
(1) Included in the average number of shares outstanding is the effect of the
exercise of 126,700 option on April 10, 1996.
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Marks Bros. Jewelers, Inc.
Computation of Per Share Earnings
(unaudited, amounts in thousands, except per share earnings)
Three Months Ended Six Months Ended
July 31, July 31, July 31, July 31,
1996 1995 1996 1995
------- ------- ------ -------
Fully diluted earnings per share:
Income (loss) before
extraordinary gain $ 1,406 $ (423) $ 548 $ (2,655)
Extraordinary gain on
extinguishment of debt, net
of taxes 11,164 --- 11,164 ---
---------- ---------- ---------- ---------
Net income (loss) $12,570 $ (423) $ 11,712 $ (2,655)
========== ========== ========== =========
Average shares outstanding(1) 8,163,874 4,544,304 6,638,192 4,544,304
Additional shares assuming
conversion of Class B Shares 3,213 10,541 3,213 10,655
Common share equivalents
under the 1995 Option
Plan assuming the
treasury stock method 530,103 --- 574,714 ---
Common share equivalents
under the 1996 Option
Plan assuming the
treasury stock method 240,502 --- 105,210 ---
---------- ---------- ---------- -----------
Averages number of common shares
and common share equivalents
outstanding 8,937,692 4,554,845 7,321,329 4,554,959
========== ========== ========== ==========
Income (loss) before
extraordinary gain
per share $ .16 $ (.09) $ .07 (.58)
Extraordinary gain on
extinguishment of debt, net
of taxes per share 1.25 --- 1.53 ---
---------- ---------- ----------- ---------
Net income (loss) per share $ 1.41 $ (.09) $ 1.60 $ (.58)
========== ========== =========== ===========
(1) Included in the average number of shares outstanding is the effect of the
exercise of 126,700 option on April 10, 1996.
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