CHS Electronics Inc – IPO: ‘S-1/A’ on 5/9/96 – EX-11

As of:  Thursday, 5/9/96   ·   Accession #:  950170-96-163   ·   File #:  333-03864

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Initial Public Offering (IPO):  Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Amendment No. 1 to Form S-1                          110    609K 
 2: EX-1.1      Form of Underwriting Agreement                        47    216K 
 3: EX-4.2      Form of Representative's Warrant                      16     45K 
 4: EX-10.32    Loan Agreement                                        41    145K 
 5: EX-11       Statement Re Computation of Per Share Earnings         1      8K 
 6: EX-23.2     Consent of Grant Thornton LLP                          1      5K 
 7: EX-23.3     Consent of Bdo Binder A.G.                             1      6K 
 8: EX-23.4     Consent of Arthur Andersen & Co. Kft.                  1      5K 

EX-11   —   Statement Re Computation of Per Share Earnings

                                                                  EXHIBIT 11
CHS ELECTRONICS, INC.   
COMPUTATION OF EARNINGS PER COMMON SHARE  

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                                            TWELVE MONTHS ENDED DECEMBER 31,                       THREE MONTHS ENDED MARCH 31,     
                               ------------------------------------------------------- ---------------------------------------------
                                    1993          1994           1995           1995            1995           1996          1996   
                               ------------- ------------  ------------- ------------- ------------- ----------------- -------------
                                   ACTUAL        ACTUAL         ACTUAL        PRO FORMA        ACTUAL         ACTUAL       PRO FORMA
                                                                                                                                    
Primary                                                                                                                             
 Weighted average                                                                                                                   
   shares outstanding .......     2,269,000     4,610,926      7,078,789      7,078,789       6,720,023      7,582,534     7,582,534
 Shares assumed issued in                                                                                                           
   connection with                                                                                                                  
   acquisitions .............                                                 2,256,000                                    1,750,000
 Additional shares assuming                                                                                                         
   conversion of stock options                     82,406        203,996        203,996         246,097        279,816       279,816
                                 ----------    ----------     ----------     ----------      ----------     ----------    ----------
 Weighted average shares                                                                                                            
   as adjusted ..............     2,269,000     4,693,332      7,282,785      9,538,785       6,966,120      7,862,349     9,612,349
 Net earnings (loss) ........    $ (723,000)   $  965,000     $4,305,000     $5,962,000      $1,667,000     $1,988,000    $2,177,000
 Primary earnings per share .    $     (.32)   $      .21     $      .59     $      .63      $      .24     $      .25    $      .23
Fully Diluted                                                                                                                       
 Weighted average shares,                                                                                                           
   as adjusted ..............     2,269,000     4,693,332      7,282,785      9,538,785       6,966,120      7,862,349     9,612,349
 Additional shares assuming                                                                                                         
   contingent issuance in                                                                                                           
   connection with                                                                                                                  
   acquisition of                                                                                                                   
   CHS Hungary ..............         --            --             --             --              --           321,242        73,564
                                 ----------    ----------     ----------     ----------      ----------     ----------    ----------
 Weighted average shares                                                                                                            
   as adjusted ..............     2,269,000     4,693,332      7,282,785      9,538,785       6,966,120      8,183,391     9,612,349
 Net earnings (loss) ........    $ (723,000)   $  965,000     $4,305,000     $5,962,000      $1,667,000     $1,988,000    $2,177,000
 Fully diluted earnings (loss)                                                                                                      
   per share ................    $     (.32)   $      .21     $      .59     $      .63      $      .24     $      .24    $      .23