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Previous: ACTION PERFORMANCE COMPANIES INC, 10-Q, EX-11.1, 2000-08-14 |
Next: ACTION PERFORMANCE COMPANIES INC, 10-Q, EX-27, 2000-08-14 |
<PAGE> 1
EXHIBIT 11.2
COMPUTATION OF DILUTED EARNINGS PER SHARE
(in thousands, except per share)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
June 30 June 30
------------------- -----------------
1999 1998 1999 1998
-------- ------ --------- -------
<S> <C> <C> <C> <C>
Weighted average number of common
shares outstanding 16,358 16,895 16,563 16,743
Additional shares assuming conversion of:
Stock options and warrants -- 327 -- 347
Convertible Subordinated Notes(1) -- 2,075 -- 2,075
-------- ------- -------- -------
Weighted average shares outstanding 16,358 19,297 16,563 19,165
======== ======= ======== =======
Net income $(23,571) $11,710 $(29,837) $22,998
======== ======= ======== =======
Adjustment for interest expense assuming
Conversion of Subordinated Notes(1) -- 804 -- 2,412
Adjusted Net Income $(23,571) $12,374 $(29,837) $25,140
======== ======= ======== =======
Diluted earnings per share $ (1.44) $ 0.64 $ (1.80) $ 1.33
======== ======= ======== =======
</TABLE>
(1) The Company's Convertible Subordinated Notes were dilutive for the periods
presented.
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