LAM RESEARCH CORPORATION STATEMENT OF COMPUTATION OF EARNINGS (LOSS) PER SHARE FOR THE YEARS ENDED JUNE 30, 1997, 1996 AND 1995 (IN THOUSANDS, EXCEPT PER SHARE DATA)
FULLY PRIMARY DILUTED -------- -------- Year-ended June 30, 1997 Net loss.................................................. $(33,634) $(33,634) -------- -------- $(33,634) $(33,634) ======== ======== Average shares outstanding................................ 30,600 30,600 -------- -------- Common and common equivalent shares used in computing per share amounts............................................ 30,600 30,600 ======== ======== Net loss per share........................................ ($1.10) ($1.10) ======== ======== Year-ended June 30, 1996 Net Income................................................ $141,091 $141,091 Add interest expense on convertible subordinated debentures, net of tax................................... -- 3,264 -------- -------- $141,091 $144,355 ======== ======== Average shares outstanding................................ 27,768 27,768 Net effect of dilutive stock options...................... 932 950 Assumed conversion of subordinated debentures............. -- 2,222 -------- -------- Common and common equivalent shares used in computing per share amounts............................................ 28,700 30,940 ======== ======== Net income per share...................................... $ 4.92 $ 4.67 ======== ======== Year-ended June 30, 1995 Net income................................................ $ 89,211 $ 89,211 Add interest expense on convertible subordinated debentures, net of tax................................... -- 3,455 -------- -------- $ 89,211 $ 92,666 ======== ======== Average shares outstanding................................ 26,090 26,090 Net effect of dilutive stock options...................... 1,210 1,570 Assumed conversion of subordinated debentures............. -- 2,640 -------- -------- Common and common equivalent shares used in computing per share amounts............................................ 27,300 30,300 ======== ======== Net income per share...................................... $ 3.27 $ 3.06 ======== ========