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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 MARCH 31, 1996 (Restated)
---------------------------------- --------------------------------------
ASSUMING
PRIMARY FULL DILUTION
----------- ----------------
<S> <C> <C>
WEIGHTED AVERAGE OF OUTSTANDING
SHARES 26,794,600 26,794,600
COMMON EQUIVALENT SHARES:
OUTSTANDING STOCK OPTIONS 359,659 359,858
OTHER POTENTIALLY DILUTIVE SECURITIES:
CONVERTIBLE DEBENTURES N/A 3,895,652
----------- -----------
SHARES USED IN COMPUTING
NET INCOME PER SHARE 27,154,259 31,050,110
=========== ===========
NET INCOME $ 2,965,000 $ 2,965,000
ADJUSTMENTS ASSUMING FULL DILUTION:
INTEREST EXPENSE, NET OF TAXES N/A 384,000
----------- -----------
NET INCOME, ASSUMING FULL DILUTION $ 2,965,000 $ 3,349,000
=========== ===========
NET INCOME PER SHARE $ 0.11 $ 0.108
DILUTION PERCENTAGE ASSUMING FULL DILUTION (1) N/A 1.23%
NET INCOME PER SHARE $ 0.11 $ 0.11
=========== ===========
</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.
14
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