1
Exhibit 11
Marks Bros. Jewelers, Inc.
Computation of Per Share Earnings
Three Months Ended Six Months Ended
------------------------------- -------------------------------
July 31, 1997 July 31, 1996 July 31, 1997 July 31, 1996
------------- ------------- ------------- -------------
(in thousands, except for per share amounts)
Primary earnings per share:
Income before extraordinary gain $ 1,760 $ 1,406 $ $2,300 $ 548
Extraordinary gain on extinguishment of
debt, net of taxes --- 11,164 --- 11,164
------------- ------------- ------------- -------------
Net Income $ 1,760 $ 12,570 $ 2,300 $ 11,712
============= ============= ============= =============
Average shares outstanding 10,069 8,164 10,065 6,638
Common share equivalents under the 1995,
1996 and 1997 Option Plans assuming the
treasury stock method 135 771 129 646
Additional shares assuming conversion of
Class B shares 4 3 4 3
------------- ------------- ------------- -------------
Average number of common shares and
common share equivalents outstanding 10,208 8,938 10,198 7,287
============= ============= ============= =============
Income before extraordinary gain per share $ 0.17 $ 0.16 $0.23 $ 0.08
Extraordinary gain on extinguishment of
debt, net of taxes, per share --- 1.25 --- 1.53
------------- ------------- ------------- -------------
Net Income $ 0.17 $ 1.41 $ 0.23 $ 1.61
============= ============= ============= =============
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2
Exhibit 11
Marks Bros. Jewelers, Inc.
Computation of Per Share Earnings
Three Months Ended Six Months Ended
------------------------------- -------------------------------
July 31, 1997 July 31, 1996 July 31, 1997 July 31, 1996
------------- ------------- ------------- -------------
(in thousands, except for per share amounts)
Fully diluted earnings per share:
Income before extraordinary gain $ 1,760 $ 1,406 $ 2,300 $ 548
Extraordinary gain on extinguishment of
debt, net of taxes --- 11,164 --- 11,164
------------- ------------- ------------- -------------
Net Income $ 1,760 $ 12,570 $ 2,300 $ 11,712
============= ============= ============= =============
Average shares outstanding 10,069 8,164 10,065 6,638
Common share equivalents under the 1995,
1996 and 1997 Option Plans assuming the
treasury stock method 149 771 148 680
Additional shares assuming conversion of
Class B shares 4 3 4 3
------------- ------------- ------------- -------------
Average number of common shares and
common share equivalents outstanding 10,222 8,938 10,217 7,321
============= ============= ============= =============
Income before extraordinary gain per share $ 0.17 $ 0.16 $ 0.23 $ 0.07
Extraordinary gain on extinguishment of
debt, net of taxes, per share --- 1.25 --- 1.53
------------- ------------- ------------- -------------
Net Income $ 0.17 $ 1.41 $ 0.23 $ 1.60
============= ============= ============= =============
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