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PART II. - EXHIBIT 11
CAVALIER HOMES, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER COMMON SHARE
Thirteen Weeks Ended Thirty-nine Weeks Ending
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September 30, October 1, September 30, October 1,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income (loss) $ (6,192,000) $ (1,621,000) $ (27,838,000) $ 5,700,000
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SHARES:
Weighted average common shares outstanding (basic) 17,836,486 17,949,080 17,791,922 18,221,146
Dilutive effect if stock options and warrants were - - - 83,027
exercised -------------- ----------- -------------- ----------
Weighted average common shares
outstanding, assuming dilution (diluted) 17,836,486 17,949,080 17,791,922 18,304,173
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Basic net income (loss) per share $ (.35) $ (.09) $ (1.56) $ .31
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Diluted net income (loss) per share $ (.35) $ (.09) $ (1.56) $ .31
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