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EXHIBIT 11
DREYER'S GRAND ICE CREAM, INC.
COMPUTATION OF NET (LOSS) INCOME PER COMMON SHARE
(unaudited)
(in thousands, except per share amounts) Thirteen Weeks Ended
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March 29, 1997 March 30, 1996
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PRIMARY
Net (loss) income applicable to common stock $ (1,300) $ 434
Weighted average number of shares of common
stock outstanding 13,368 12,974
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Net (loss) income per common share, as reported $ (.10) $ .03
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Weighted average number of shares of common
stock outstanding 13,368 12,974
Common stock equivalent--assumed exercise of
common stock options 208 322
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Weighted average number of shares of common
stock outstanding, including common stock
equivalents 13,576 13,296
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Net (loss) income per common share $ (.10)(1) $ .03(1)
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FULLY DILUTED
Net (loss) income applicable to common stock $ (1,300) $ 434
Add preferred dividends on redeemable convertible
Series B preferred stock, due June 2001 1,144 1,144
Add accretion of preferred stock to redemption value 106 106
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Adjusted net (loss) income $ (50) $ 1,684
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Weighted average number of shares of common
stock outstanding 13,368 12,974
Common stock equivalent--assumed exercise of
common stock options 252 463
Assumed conversion of preferred stock 2,900 2,900
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Adjusted shares 16,520 16,337
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Net (loss) income per common share $ (.00)(2) $ .10(2)
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(1) This calculation is submitted in accordance with Regulation S-K item
601(b)(11) although it is not required by footnote 2 to paragraph 14 of
APB Opinion No. 15 because it results in dilution of less than 3%.
(2) This calculation is submitted in accordance with Regulation S-K item 601 (b)
(11) although it is contrary to APB Opinion No. 15 because it produces an
anti-dilutive effect.