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Previous: ORBITAL SCIENCES CORP /DE/, 10-Q/A, 2000-06-28 |
Next: ORBITAL SCIENCES CORP /DE/, 10-Q/A, EX-27, 2000-06-28 |
<PAGE> 1
Exhibit 11
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (RESTATED)
<TABLE>
<CAPTION>
FOR THE THREE MONTHS ENDED
SEPTEMBER 30, 1995
-----------------------------------------------
ASSUMING
PRIMARY FULL DILUTION
-------------------- ------------------
<S> <C> <C>
Weighted average of outstanding shares 22,667,006 22,667,006
Common equivalent shares:
Outstanding stock options 319,154 319,038
Other potentially dilutive securities: N/A 3,895,652
---------------- ------------------
Shares used in computing net income per share 22,986,160 26,881,696
================ ==================
Net income $ 2,473,000 $ 2,473,000
Adjustments assuming full dilution: N/A 661,500
---------------- ------------------
Net income $ 2,473,000 $ 3,134,500
================ ==================
Net income per share $ 0.11 $ 0.12
Dilution percentage assuming full dilution (1) N/A -8.4%
Net income per share $ 0.11 $ 0.11
================ ==================
</TABLE>
<TABLE>
<CAPTION>
FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 1995
------------------------------------------------
ASSUMING
PRIMARY FULL DILUTION
-------------------- ------------------
<S> <C> <C>
Weighted average of outstanding shares 21,242,456 21,242,456
Common equivalent shares:
Outstanding stock options 398,179 398,297
Other potentially dilutive securities: N/A 3,895,652
---------------- ------------------
Shares used in computing net income per share 21,640,635 25,536,405
================ ==================
Net income (loss) $ (98,000) $ (98,000)
Adjustments assuming full dilution: N/A N/A
---------------- ------------------
Net income (loss) $ (98,000) $ (98,000)
================ ==================
Net income (loss) per share $ (0.00) $ (0.00)
Dilution percentage assuming full dilution (1) N/A N/A
Net income (loss) per share $ (0.00) $ (0.00)
================ ==================
</TABLE>
NOTES:
(1) Provided that dilution is greater than 3%, the convertible
debentures are considered dilutive in the calculation and
presentation of per share data. In periods of net losses, dilutive
earnings per share equals primary earnings per share.
20
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