Mark IV Industries Inc – ‘10-K’ for 2/29/96 – EX-11

As of:  Friday, 5/17/96   ·   For:  2/29/96   ·   Accession #:  62418-96-2   ·   File #:  1-08862

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         54    215K 
 2: EX-11       Statement re: Computation of Earnings Per Share        2±     8K 
 3: EX-21       Subsidiaries of the Registrant                         3±    15K 
 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

                                                                  [Download Table]
                                                    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                          1996        1995       1994   
--------------------------                         ------      ------     -----   
Primary Shares Outstanding:                                                       
 Weighted average number of shares outstanding     62,961       51,015     46,835 
 Net effect of dilutive stock options (1)             432          425        348 
    Total                                          63,393       51,440     47,183 

Income from continuing operations                $ 92,400     $ 67,900   $ 51,100 
Income per share from continuing operations (2)  $   1.46     $   1.32   $   1.08 
Income from discontinued operations              $   -        $    -     $    -   
Income per share from discontinued                                                
 operations (2)                                  $   -        $    -     $    -   
Loss from extraordinary items                    $   -        $ (1,100)  $(21,700)
Loss per share from extraordinary items (2)      $   -        $   (.02)  $   (.46)
Loss from cumulative accounting change           $   -        $   -      $(26,000)
Loss per share from cumulative                                                    
 accounting change (2)                           $   -        $   -      $   (.55)

Fully-diluted Earnings Per Share                                                  
--------------------------------                                                  
Fully-diluted Shares Outstanding:                                                 
  Weighted average number of shares                                               
   outstanding                                     62,961       51,015     46,835 
  Shares issuable upon conversion of the                                          
   Company's 6-1/4% Convertible Subordinated                                      
   Debentures                                        -           6,302      8,765 
  Net effect of dilutive stock options (1)            432          449        348 
    Total                                          63,393       57,766     55,948 
Income from continuing operations                $ 92,400     $ 67,900   $ 51,100 
Interest, net of tax effect, for 6-1/4%                                           
 Convertible Subordinated Debentures                 -           3,200      4,400 
Income applicable to fully diluted shares        $ 92,400     $ 71,100   $ 55,500 
Income per share from continuing operations      $   1.46     $   1.23   $    .99 
Income from discontinued operations              $   -        $    -     $    -   
Income per share from discontinued operations    $   -        $    -     $    -   
Loss from extraordinary items                    $   -        $ (1,100)  $(21,700)
Loss per share from extraordinary items          $   -        $   (.02)  $   (.39)
Loss from cumulative accounting change           $            $   -      $(26,000)
Loss per share from  cumulative accounting                                        
 change                                          $            $   -      $   (.46)

<FN>                                                                              
_________________                                                                 

(1)   The net effects for fiscal 1996, 1995 and 1994 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 for fiscal 1996, 1995 and 1994 have been reported
      on 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.