Marisa Christina Inc – ‘10-K’ for 12/31/96 – EX-11

As of:  Tuesday, 3/25/97   ·   For:  12/31/96   ·   Accession #:  950123-97-2426   ·   File #:  0-24176

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         45    194K 
 2: EX-11       Statement of Computation Per Share Earnings            1      5K 
 3: EX-23       Consnet of Independent Auditors                        1      6K 
 4: EX-27       Financial Data Schedule                                1      8K 

EX-11   —   Statement of Computation Per Share Earnings

EX-11
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MARISA CHRISTINA, INCORPORATED
AND SUBSIDIARIES

 EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE

                                                                [Download Table]

                                                1994        1995        1996   
                                                ----        ----        ----   
                                                                               
Outstanding common stock at January 1         5,563,126  8,434,000   8,434,250 

Weighted average effect of shares issued                                       
     during the period from January 1:                                         
        Issuance of shares in acquisition of                                   
           Adrienne Vittadini, Inc.                  --         --     147,679 
        Acquisition of treasury shares               --         --     (91,660)
        Stock options exercised                      --         88       3,480 
        Acquisition of minority interest        193,588         --          -- 
        Initial public offering               1,304,945         --          -- 
                                              ---------  ---------  ---------- 
Weighted average shares outstanding           7,061,659  8,434,088   8,493,749 

Weighted average effect of shares issued                                       
     in public offering necessary to fund                                      
     $6.9 million distribution of previously                                   
     earned "S" Corporation earnings            251,570         --          -- 
                                              ---------  ---------  ---------- 
Weighted average shares outstanding --                                         
     supplemental                             7,313,229  8,434,088   8,493,749 
                                              =========  =========  ========== 

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