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EXHIBIT 11.1
REXON INCORPORATED AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
Fiscal Periods Ended July 2, 1995 and July 3, 1994
(Unaudited)
(in thousands, except per share data)
Quarter Ended Nine Months Ended
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July 2, July 3, July 2, July 3,
1995 1994 1995 1994
---- ---- ---- ----
Income (loss) from continuing operations ($11,399) $ 96 ($9,813) ($590)
Preferred Stock dividends 60 60 180 145
Income (loss) from continuing operations
attributable to common stock
-------- ------ -------- ------
used to compute earnings per share (11,459) 36 (9,993) (735)
-------- ------ -------- ------
Income (loss) on discontinued business (866) 124 (1,398) 848
Loss on disposal of discontinued business (16,141) 0 (16,141) 0
-------- ------ -------- ------
Income (loss) on discontinued business
attributable to common stock used
to compute earnings per share (17,007) 124 (17,539) 848
-------- ------ -------- ------
Income (loss) attributable
to common stock used to compute
earnings per share ($28,466) $160 ($27,532) $113
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Weighted average number of
Common shares outstanding 10,361 9,950 10,268 9,765
Dilutive effect of stock options
and warrants after application of
treasury stock method -0- 585 -0- 585
-------- ------ -------- ------
Average number of common stock
common stock equivalents outstanding 10,361 10,535 10,268 10,350
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Net income (loss) per share
attributable to Common shares
outstanding:
Continuing operations ($1.11) $.01 ($.97) ($0.07)
Discontinued operations (1.64) .01 ( 1.71) 0.08
-------- ------ -------- ------
Net income (loss) per share ($2.75) $.02 ($2.68) $0.01
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