EXHIBIT 11.01
COMPUTATION OF NET LOSS PER SHARE
Ten Months Twelve Months
Ended July 31, Ended July 31,
1994 1995 1996
--------- -------- ---------
(in thousands, except per share data)
Primary and Fully Diluted
Computation of common and common
equivalent shares outstanding:
Weighted average common shares outstanding .................. 34,454 41,411 45,149
Equivalent shares issuable upon exercise of
options (1) ............................................. -- -- --
--------- -------- --------
Total weighted average common and common
equivalent shares outstanding ............................... 34,454 41,411 45,149
========= ======== ========
Net loss from continuing operations ........................... $(183,974) $(44,296) $(14,355)
Net loss from discontinued operations ......................... -- -- (6,344)
--------- -------- --------
Net loss ...................................................... $(183,974) $(44,296) $(20,699)
========= ======== ========
Net loss per share from continuing operations ................. $ (5.34) $ (1.07) $ (0.32)
Net loss per share from discontinued operations ............... -- -- $ (0.14)
--------- -------- --------
Net loss per share ............................................ $ (5.34) $ (1.07) $ (0.46)
========= ======== ========
Fully diluted earnings per share are not presented on the face of the
Consolidated Statement of Operations since they are identical to primary
earnings per share.
(1) Dilutive shares are not included in periods with a net loss