EXHIBIT 11—STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
CHECK TECHNOLOGY CORPORATION AND SUBSIDIARIES
|
|
Year Ended
9/30/99
|
|
Year Ended
9/30/98
|
|
Year Ended
9/30/97
|
| Basic |
|
|
|
|
|
|
|
|
|
| Average shares outstanding |
|
|
6,129,225 |
|
|
6,273,756 |
|
|
6,244,797 |
| Net income |
|
$ |
(1,614,387 |
) |
$ |
198,862 |
|
$ |
325,979 |
| |
|
|
|
|
|
|
| Basic Earnings per Share |
|
$ |
(0.26 |
) |
$ |
0.03 |
|
$ |
0.05 |
| |
|
|
|
|
|
|
| Diluted |
|
|
|
|
|
|
|
|
|
| Average shares outstanding |
|
|
6,129,225 |
|
|
6,273,756 |
|
|
6,224,797 |
| Net effect of dilutive stock options and Grants—based on the treasury stock Method |
|
|
— |
|
|
16,116 |
|
|
70,276 |
| |
|
|
|
|
|
|
| Diluted shares outstanding |
|
|
6,129,225 |
|
|
6,289,872 |
|
|
6,295,073 |
| |
|
|
|
|
|
|
| Net income |
|
$ |
(1,614,387 |
) |
$ |
198,862 |
|
$ |
325,979 |
| |
|
|
|
|
|
|
| Diluted Earnings per Share |
|
$ |
(0.26 |
) |
$ |
0.03 |
|
$ |
0.05 |
| |
|
|
|
|
|
|
EXHIBIT 11—STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS CHECK TECHNOLOGY CORPORATION AND SUBSIDIARIES
