DEPARTMENT 56 INC, 10-Q, EX-11.1, 2000-08-10

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Exhibit 11.1

DEPARTMENT 56, INC.

COMPUTATION OF NET INCOME PER SHARE

(In thousands, except per share amounts)

	Quarter Ended July 1, 2000		Quarter Ended July 3, 1999
Basic:
Net Income	$	8,278	$	18,738

Weighted average number of common shares outstanding		14,322		17,710
Net Income per Common Share	$	0.58	$	1.06

Assuming Dilution:
Net Income	$	8,278	$	18,738

Weighted average number of common shares outstanding		14,322		17,710
The number of shares resulting from the assumed exercise of stock options reduced by the number of shares which could have been purchased with the proceeds from such exercise, using the average market price during the period		36		239

Weighted average number of common and common equivalent shares		14,358		17,949

Net Income per Common Share Assuming Dilution	$	0.58	$	1.04

Exhibit 11.1

DEPARTMENT 56, INC.

COMPUTATION OF NET INCOME PER SHARE

(In thousands, except per share amounts)

	26 Weeks Ended July 1, 2000		26 Weeks Ended July 3, 1999
Basic:
Net Income	$	5,121	$	22,082

Weighted average number of common shares outstanding		14,604		17,874
Net Income per Common Share	$	0.35	$	1.24

Assuming Dilution:
Net Income	$	5,121	$	22,082

Weighted average number of common shares outstanding		14,604		17,874
The number of shares resulting from the assumed exercise of stock options reduced by the number of shares which could have been purchased with the proceeds from such exercise, using the average market price during the period		52		244

Weighted average number of common and common equivalent shares		14,656		18,118

Net Income per Common Share Assuming Dilution	$	0.35	$	1.22

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