Comdial Corp – ‘10-K405’ for 12/31/94 – EX-11

As of:  Tuesday, 3/28/95   ·   For:  12/31/94   ·   Accession #:  916641-95-81   ·   File #:  0-09023

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Form 10-K                                             43±   189K 
 2: EX-11       Computations of Earnings Per Share                     1      8K 
 3: EX-23       Consent of Deloitte & Touche LLP                       1      6K 
 4: EX-24       Powers of Attorney                                     4      9K 
 5: EX-27       Financial Data Schedule                                1      6K 

EX-11   —   Computations of Earnings Per Share

EXHIBIT 11                                                                      

SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE                            

                                                        [Enlarge/Download Table]
                                                      Years Ended December 31,       
                                                  1994           1993         1992   
PRIMARY                                                                              
                                                                                     
Income applicable to common shares:                                                  
Income before extraordinary items              $3,037,000     $2,416,000    $884,000 
Extraordinary item                                389,000              -           - 
Net income                                     $2,648,000     $2,416,000    $884,000 

Weighted average number of common shares                                             
  outstanding during the year                  20,903,115     18,164,426  17,904,571 
Add - common equivalent shares (determined                                           
  using the "treasury stock" method) repre-                                          
  senting shares issuable upon exercise of:                                          
  stock options and warrants                      803,267      2,652,409   2,320,148 
Weighted average number of shares used                                               
  in calculation of primary earnings per                                             
  common share                                 21,706,382     20,816,835  20,224,719 

Earnings per common share:                                                           
  Income before extraordinary item                  $0.14          $0.12       $0.04 
  Extraordinary item                                (0.02)             -           - 
  Net income                                        $0.12          $0.12       $0.04 

   FULLY DILUTED                                                                     

Net income applicable to common shares         $2,648,000     $2,416,000    $884,000 
Adjustments for convertible securities:                                              
  Dividends paid on convertible preferred                                            
  stock                                           577,000             -           -  
Net income applicable to common shares,                                              
  assuming conversion of above securities      $3,225,000     $2,416,000    $884,000 
Weighted average number of shares used                                               
  in calculation of primary earnings per                                             
  common share                                 21,706,382     20,816,835  20,224,719 
Add (deduct) incremental shares representing:                                        
  Shares issuable upon exercise of stock                                             
    options and warrants included in                                                 
    primary calculation                          (803,267)    (2,652,409) (2,320,148)
  Shares issuable upon exercise of stock                                             
    options and warrants issuable based                                              
    on year-end market price or weighted                                             
    average price                               3,468,936      3,321,620   2,320,148 
Weighted average number of shares used                                               
  in calculation of fully diluted earnings                                           
  per common share                             24,372,051     21,486,046  20,224,719 

Fully diluted earnings per common share             $0.13          $0.11       $0.04