EXHIBIT 11
DURA AUTOMOTIVE SYSTEMS, INC.
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
(IN THOUSANDS, EXCEPT PER SHARE DATA)
1997 1996
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Net income $ 2,657 $ 1,746
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Weighted average number of
Class A common shares 3,869 1,939
Weighted average number of
Class B common shares 4,939 4,998
Dilutive effect of outstanding
stock options after application
of the treasury stock method 66 18
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Common and common equivalent
shares outstanding 8,874 6,955
-------- ---------
-------- ---------
Net income per common and
common equivalent share(1) $ 0.30 $ 0.25
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(1) The calculation of net income per common and common equivalent share for
the three months ended September 30, 1997 and 1996 are the same on a
primary and fully diluted basis.
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EXHIBIT 11
(CONTINUED)
DURA AUTOMOTIVE SYSTEMS, INC.
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
(IN THOUSANDS, EXCEPT PER SHARE DATA)
1997 1996
-------- ---------
Net income $ 11,301 $ 6,700
-------- ---------
-------- ---------
Weighted average number of
Class A common shares 3,841 646
Weighted average number of
Class B common shares 4,963 5,001
Dilutive effect of outstanding stock
options after application of the
treasury stock method 60 22
-------- ---------
Common and common equivalent
shares outstanding 8,864 5,669
-------- ---------
-------- ---------
Net income per common and
common equivalent share (1) $ 1.27 $ 1.18
-------- ---------
-------- ---------
(1) The calculation of net income per common and common equivalent share for
the three months ended September 30, 1997 and 1996 are the same on a
primary and fully diluted basis.
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