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EXHIBIT 11
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ROYAL APPLIANCE MFG. CO. AND SUBSIDIARIES
FORM 10-Q
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Three Months Nine Months
Ended September 30, Ended September 30
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1996 1995 1996 1995
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Net income (loss) applicable to
common shares (A) $ 3,151 $(12,279) $ 4,811 $(16,545)
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Primary:
Weighted average common shares
outstanding for the period 24,002 23,999 24,004 23,999
Dilutive stock options -
based on the treasury stock
method using average market
price 269 -- 181 --
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TOTALS 24,271 23,999 24,185 23,999
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Fully diluted:
Weighted average shares outstanding 24,002 23,999 24,004 23,999
Dilutive stock options -
based on the treasury stock
method using the period-ended
market price if higher than
the average market price 331 -- 304 --
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TOTALS 24,333 23,999 24,308 23,999
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Income (loss) per common and common equivalent share:
Primary $ .13 $ (.51) $ .20 $ (.69)
Fully diluted (B) $ .13 $ (.51) $ .20 $ (.69)
<FN>
(A) Prior period amount has been restated to reflect a change in the
valuation method of accounting for inventory from the LIFO method to
the FIFO method.
(B) This calculation is submitted in accordance with Regulation S-K Item
601(b)(11) although not required for statement of operations
presentation because it results in dilution of less than 3 percent.
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