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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
<TABLE>
<CAPTION>
THREE MONTH PERIOD ENDED JUNE 30, 1996 (Restated)
------------------------------------------------------- -----------------------------------------
ASSUMING
PRIMARY FULL DILUTION
---------------- -------------------
<S> <C> <C>
WEIGHTED AVERAGE OF OUTSTANDING SHARES 26,888,775 26,888,775
COMMON EQUIVALENT SHARES:
OUTSTANDING STOCK OPTIONS 489,947 527,710
OTHER POTENTIALLY DILUTIVE SECURITIES:
CONVERTIBLE DEBENTURES N/A 3,887,304
--- ----------
SHARES USED IN COMPUTING
NET INCOME PER SHARE 27,378,722 31,303,789
========== ===========
NET INCOME $3,054,000 $ 3,054,000
ADJUSTMENTS ASSUMING FULL DILUTION:
INTEREST EXPENSE, NET OF TAXES N/A 681,000
--- --------
NET INCOME, ASSUMING FULL DILUTION $3,054,000 $ 3,735,000
========== =============
NET INCOME PER SHARE $ 0.11 $ 0.11
DILUTION PERCENTAGE ASSUMING FULL DILUTION (1) N/A -6.976%
--- ----------
NET INCOME PER SHARE $ 0.11 $ 0.11
========== =============
<CAPTION>
SIX MONTH PERIOD ENDED JUNE 30, 1996 (Restated)
------------------------------------------------------- -----------------------------------------
ASSUMING
PRIMARY FULL DILUTION
---------------- -------------------
<S> <C> <C>
WEIGHTED AVERAGE OF OUTSTANDING SHARES 26,838,407 26,838,407
COMMON EQUIVALENT SHARES:
OUTSTANDING STOCK OPTIONS 431,978 534,372
OTHER POTENTIALLY DILUTIVE SECURITIES:
CONVERTIBLE DEBENTURES N/A 3,887,304
-------------- ----------------
SHARES USED IN COMPUTING
NET INCOME PER SHARE 27,270,385 31,260,083
========== ===========
NET INCOME $6,020,000 $ 6,020,000
ADJUSTMENTS ASSUMING FULL DILUTION:
INTEREST EXPENSE, NET OF TAXES N/A 1,065,000
-------------- -----------
NET INCOME, ASSUMING FULL DILUTION $6,020,000 $ 7,085,000
========== =============
NET INCOME PER SHARE $ 0.22 $ 0.23
DILUTION PERCENTAGE ASSUMING FULL DILUTION (1) N/A -2.672
-------------- ----------------
NET INCOME PER SHARE $ 0.22 $ 0.22
========== =============
</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.
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