Smith Corona Corp – ‘10-K’ for 6/30/97 – EX-11

As of:  Tuesday, 9/16/97   ·   For:  6/30/97   ·   Accession #:  851292-97-12   ·   File #:  1-10281

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         58±   302K 
 2: EX-10       Material Contract                                     55±   216K 
 3: EX-10       Material Contract                                     19±    45K 
 4: EX-10       Material Contract                                     85±   305K 
 5: EX-10       Material Contract                                      2±    10K 
 6: EX-10       Material Contract                                     10±    47K 
 7: EX-10       Material Contract                                      7±    33K 
 8: EX-11       Statement re: Computation of Earnings Per Share        1      8K 
 9: EX-21       Subsidiaries of the Registrant                         1      5K 
10: EX-27       Financial Data Schedule (Pre-XBRL)                     1      6K 

EX-11   —   Statement re: Computation of Earnings Per Share

                              Exhibit 11

SMITH CORONA CORPORATION AND SUBSIDIARIES                   
COMPUTATION OF NET INCOME (LOSS)                    
PER COMMON AND COMMON EQUIVALENT SHARE                    

                    Three months ended         Twelve months ended
               June 30, 1997             June 30, 1997
                   PrimaryFully Diluted         PrimaryFully Diluted

                                                                [Download Table]
                                                                              
Net income                                                                    
   available to common:                                                       
Income (loss) before                                                          
    extraordinary gain         $ 4,942,000 $ 4,942,000   $(795,000) $(795,000)
Adjustments:                                                                  
(1) Assumed exercise of                                                       
      warrants                         (a)         (a)        (a)          (a)
Total income (loss)                                                           
    before extraordinary gain     4,942,000   4,942,000   (795,000)  (795,000)
Extraordinary gain                        -          -   8,122,000  8,122,000 
Net Income                      $ 4,942,000 $ 4,942,000 $7,327,000$ 7,327,000 

Shares:                                                                       
Weighted average common                                                       
     shares outstanding          2,551,335    2,551,335  2,471,336  2,471,336 

Adjustments:                                                                  
(1) Assumed exercise of                                                       
      restricted stock awards       58,816       59,922     52,790     54,106 
(2) Assumed exercise of                                                       
      warrants                         (a)          (a)         (a)        (a)
Total Shares                     2,610,151    2,611,258  2,524,126  2,525,442 

Income (loss) per                                                             
   common and common                                                          
   equivalent share:                                                          
Income (loss) before                                                          
    extraordinary gain             $ 1.89         $ 1.89   $  (.32)   $  (.32)
Extraordinary gain                      -              -      3.22       3.22 
Net income per common                                                         
   and common equivalent                                                      
   share                           $ 1.89         $ 1.89     $2.90      $2.90 
(a)  Warrants are not reflected in per share calculations                     
because exercise price of warrants exceed market price of                     
Common Stock.  Additionally, warrants do not become                           
execrable until August 28, 1997                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		9/16/97
		8/28/97
For Period End:		6/30/97		DEF 14A
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