CATALINA LIGHTING, INC. AND SUBSIDIARIES
EXHIBIT 11
SCHEDULE OF COMPUTATION OF DILUTED EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED SIX MONTHS ENDED
MARCH 31, MARCH 31,
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2000 1999 2000 1999
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Net income $ 752 $ 1,159 $ 1,289 $ 1,662
Interest on convertible subordinated notes, net of
income taxes 90 103 186 206
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Net income for diluted earnings per share $ 842 $ 1,262 $ 1,475 $ 1,868
Weighted average number of common shares
outstanding for the period 7,460 7,206 7,426 7,194
Weighted average number of shares repurchased
for the period (529) (126) (464) (67)
Shares issuable upon conversion of convertible
subordinated notes 1,083 1,138 1,115 1,138
Common equivalent shares determined
using the "Treasury Stock" method
representing shares issuable upon exercise
of stock options and warrants and shares
issuable under contractual agreements 747 343 753 189
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Weighted average number of shares
used in calculation of diluted earnings
per share 8,761 8,561 8,830 8,454
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Diluted earnings per share $ 0.10 $ 0.15 $ 0.17 $ 0.22
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