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Previous: LANNETT CO INC, 10KSB, EX-10.(K), 2000-09-28 |
Next: LANNETT CO INC, 10KSB, EX-27, 2000-09-28 |
<PAGE> 1
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
LANNETT COMPANY, INC AND SUBSIDIARY
STATEMENT RE COMPUTATION OF EARNINGS
PER SHARE
<TABLE>
<CAPTION>
2000 1999
---------------------------------- -------------------------------------
NET INCOME SHARES NET INCOME SHARES
(NUMERATOR) (DENOMINATOR) (NUMERATOR) (DENOMINATOR)
<S> <C> <C> <C> <C>
Basic earnings per share factors $ 1,350,097 5,206,128 $ 1,308,138 5,206,128
Effect of December 22, 1999 conversion 86,000 4,186,301 - -
----------- ---------- ----------- ---------
Basic earnings per share factors, post conversion 1,436,097 9,392,429 1,308,138 5,206,128
Effect of potentially dilutive option
plans and debentures:
Interest on debentures - - 180,000 -
Conversion on debentures - - - 9,542,636
Employee stock options - - - -
----------- ---------- ----------- ---------
Diluted earnings per share factors $ 1,436,097 9,392,429 $ 1,488,138 14,748,764
=========== ========== =========== ==========
Basic earnings per share $ 0.15 $ 0.25
Diluted earnings per share $ 0.15 $ 0.10
</TABLE>
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