Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Annual Report 57 241K
6: EX-10.20 Material Contract 1 7K
2: EX-11 Statement re: Computation of Earnings Per Share 2± 8K
3: EX-21 Subsidiaries of the Registrant 2 12K
4: EX-23 Consent of Experts or Counsel 1 6K
5: EX-27 Financial Data Schedule (Pre-XBRL) 1 7K
EX-11 — Statement re: Computation of Earnings Per Share
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EXHIBIT 11
MARK IV INDUSTRIES, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Amounts in Thousands, Except Per Share Data)
For the Fiscal Year Ended
the Last Day of February
-----------------------------
Primary Earnings Per Share 1997 1996 1995
-------------------------- ---- ---- ----
Primary Shares Outstanding:
Weighted average number of shares outstanding 66,263 66,151 53,566
Net effect of dilutive stock options (1) 394 454 446
Total 66,657 66,605 54,012
Income from continuing operations $ 32,700 $ 82,800 $ 55,000
Income per share from continuing operations (2) $ .49 $ 1.24 $ 1.02
Income from discontinued operations $ 23,400 $ 9,600 $ 12,900
Income per share from discontinued
operations (2) $ .35 $ .15 $ .24
Loss from extraordinary items $ - $ - $ (1,100)
Loss per share from extraordinary items (2) $ - $ - $ (.02)
Fully-diluted Earnings Per Share
Fully-diluted Shares Outstanding:
Weighted average number of shares
outstanding 66,263 66,151 53,566
Shares issuable upon conversion of the
Company's 6-1/4% Convertible Debentures - - 6,617
Net effect of dilutive stock options (1) 456 454 471
Total 66,719 66,605 60,654
Income from continuing operations $32,700 $ 82,800 $ 55,000
Interest for 6-1/4% Convertible Debentures,
net of tax effect - - 3,200
Income from continuing operations applicable
to fully diluted shares $ 32,700 $ 82,800 $ 58,200
Income per share from continuing operations $ .49 $ 1.24 $ .96
Income from discontinued operations $ 23,400 $ 9,600 $ 12,900
Income per share from discontinued operations $ .35 $ .15 $ .21
Loss from extraordinary items $ - $ - $ (1,100)
Loss per share from extraordinary items $ - $ - $ (.02)
<FN>
_________________
(1) The net effects for fiscal 1997, 1996 and 1995 are based upon the treasury
stock method using average market prices during the periods for the primary
amounts, and the higher of the average market prices or the market price at
year-end for the fully-diluted amounts.
(2) Primary earnings per share have been reported in the Company's financial
statements based only upon the shares of common stock outstanding, since the
dilutive effect of the stock options is not considered to be material.
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