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EXHIBIT 11
VERSAR, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
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<CAPTION>
Years Ended June 30,
--------------------------------------------------
1999 1998 1997
------------ ------------ -------------
<S> <C> <C> <C>
NET INCOME (LOSS).................................... $ 1,837 $ (10,653) $ 1,256
============ ============ =============
(LOSS) INCOME FROM DISCONTINUED
OPERATIONS........................................ $ --- $ (10,929) $ 147
============ ============ =============
Weighted average common shares outstanding -
Basic............................................. 6,190,485 5,695,212 5,041,455
============ ============ =============
NET INCOME (LOSS) PER SHARE - BASIC.................. $ .30 $ (1.87) $ 0.25
============ ============ =============
(LOSS) INCOME PER SHARE FROM
DISCONTINUED OPERATIONS - BASIC................... $ --- $ (1.92) $ .03
============ ============ =============
Common shares from above............................. 6,190,485 5,695,212 5,041,455
Assumed exercise of options (treasury stock
method)........................................... 92,885 --- 244,354
------------ ------------ -------------
6,283,370 5,695,212 5,285,809
============ ============ =============
NET INCOME (LOSS) PER SHARE - DILUTED $ .29 $ (1.87) $ 0.24
============ ============ =============
(LOSS) INCOME PER SHARE FROM
DISCONTINUED OPERATIONS - DILUTED $ --- $ (1.92) $ .03
============ ============ =============
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