1 EXHIBIT 11 DEP CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF COMPUTATION OF EARNINGS PER SHARE (in thousands, except per share data) (UNAUDITED) Three Months Ended Six Months Ended January 31, January 31, ---------------------- ---------------------- 1996 1995 1996 1995 ------- ------ ------- ------ Net Loss.............................................. ($1,807) ($779) ($2,190) ($745) ======= ====== ======= ====== Shares: Weighted average shares outstanding 6,251 6,245 6,251 6,243 Shares issuable from assumed exercise of outstanding options................................ - - - - ------- ------ ------- ------ Adjusted weighted average shares outstanding.......... 6,251 6,245 6,251 6,243 ======= ====== ======= ====== Loss per share........................................ ($0.29) ($0.12) ($0.35) ($0.12) ======= ====== ======= ======