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Previous: ORBITAL SCIENCES CORP /DE/, 10-K/A, 2000-06-27 |
Next: ORBITAL SCIENCES CORP /DE/, 10-K/A, EX-23, 2000-06-27 |
<PAGE> 1
EXHIBIT 11 STATEMENT RE: COMPUTATION OF EARNINGS (LOSS) PER SHARE (Restated)
<TABLE>
<CAPTION>
FOR THE YEAR ENDED DECEMBER 31, 1995 (Restated)
ASSUMING
PRIMARY FULL DILUTION
--------------- -----------------
<S> <C> <C>
Weighted average of outstanding shares 25,694,084 25,694,084
Common equivalent shares:
Outstanding stock options 513,662 514,122
Other potentially dilutive securities:
Convertible Debentures (1) N/A 3,895,652
--------------- -----------------
Shares used in computing net income (loss) per share 26,207,746 30,103,858
=============== =================
Net loss $ (5,589,506) $ (5,589,506)
Adjustments assuming full dilution:
Interest expense, net of taxes (1) N/A N/A
=============== =================
Net loss $ (5,589,506) $ (5,589,506)
=============== =================
Loss per share before accounting change $ (0.123) $ (0.123)
Cumulative effect of accounting change (0.091) (0.091)
Dilution percentage assuming full dilution (2) N/A N/A
Net loss per share $ (0.21) $ (0.21)
=============== =================
</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.
(2) Since common stock equivalents are antidilutive, the common stock
equivalents have been excluded from the calculation and presentation of per
share data.
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