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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 Nine Months Ended
Oct. 31, Oct. 31, Oct. 31, Oct. 31,
1996 1995 1996 1995
--------- ---------- ---------- --------
Primary earnings per share:
Income (loss) before
extraordinary gain $ 457 $ (2,048) $ 1,005 $ (4,703)
Extraordinary gain on
extinguishment of debt, net
of taxes --- --- 11,164 ---
--------- --------- --------- ---------
Net income (loss) $ 457 $ (2,048) $ 12,169 $ (4,703)
========= ========= ========= =========
Average shares outstanding(1) 8,372,250 4,731,358 7,220,431 4,607,340
Additional shares assuming
conversion of Class B Shares 3,213 9,731 3,213 10,344
Common share equivalents
under the 1995 Option
Plan assuming the
treasury stock method 532,220 --- 558,680 ---
Common share equivalents
under the 1996 Option
Plan assuming the
treasury stock method 300,580 --- 139,619 ---
--------- --------- --------- ---------
Averages number of common shares
and common share equivalents
outstanding 9,208,263 4,741,089 7,921,943 4,617,684
========= ========= ========= =========
Income (loss) before
extraordinary gain
per share $ 0.05 $ (0.43) $ 0.13 (1.02)
Extraordinary gain on
extinguishment of debt, net
of taxes per share --- --- 1.41 ---
--------- --------- --------- ---------
Net income (loss) per share $ 0.05 $ (0.43) $ 1.54 $ (1.02)
========= ========= ========= =========
(1) Included in the average number of shares outstanding is the effect of the
exercise of 126,700 options 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 Nine Months Ended
Oct. 31, Oct. 31, Oct. 31, Oct. 31,
1996 1995 1996 1995
--------- ---------- ---------- --------
Fully diluted earnings per share:
Income (loss) before
extraordinary gain $ 457 $ (2,048) $ 1,005 $ (4,703)
Extraordinary gain on
extinguishment of debt, net
of taxes --- --- 11,164 ---
-------- --------- --------- ---------
Net income (loss) $ 457 $ (2,048) $ 12,169 $ (4,703)
========= ========= ========= =========
Average shares outstanding(1) 8,372,250 4,731,358 7,220,431 4,607,340
Additional shares assuming
conversion of Class B Shares 3,213 9,731 3,213 10,344
Common share equivalents
under the 1995 Option
Plan assuming the
treasury stock method 532,220 --- 562,312 ---
Common share equivalents
under the 1996 Option
Plan assuming the
treasury stock method 300,580 --- 182,296 ---
--------- --------- --------- ---------
Averages number of common shares
and common share equivalents
outstanding 9,208,263 4,741,089 7,968,252 4,617,684
========= ========= ========= =========
Income (loss) before
extraordinary gain
per share $ 0.05 $ (0.43) $ 0.13 (1.02)
Extraordinary gain on
extinguishment of debt, net
of taxes per share --- --- 1.40 ---
--------- --------- --------- ---------
Net income (loss) per share $ 0.05 $ (0.43) $ 1.53 $ (1.02)
========= ========= ========= =========
(1) Included in the average number of shares outstanding is the effect of the
exercise of 126,700 options on April 10, 1996.
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