EXHIBIT 11
IVC INDUSTRIES, INC. AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
FOR THE YEARS ENDED JULY 31, 2000, 1999 AND 1998
(Dollars in Thousands, Except as Noted or Per Share Information)
<TABLE>
<CAPTION>
Years Ended
July 31,
--------
2000 1999 1998
---- ---- ----
<S> <C> <C> <C>
Net income (loss) $ 5,074 $ (7,041) $ 1,147
Less - preferred stock dividends -- -- --
---------- ---------- ----------
Net income (loss) for basic income per common
share $ 5,074 $ (7,041) $ 1,147
========== ========== ==========
Weighted average number of common shares
outstanding during the year - Basic 2,088,092 2,148,143 2,143,191
Add- common equivalent shares
(determined using the "treasury stock" method)
representing shares issuable upon exercise of
employee stock options and incentive
performance shares 2,414 766 11,174
---------- ---------- ----------
Weighted average number of common shares - Diluted 2,090,506 2,148,909 2,154,365
========== ========== ==========
Income (loss) per common share - Diluted $ 2.43 $ (3.28) $ 0.53
========== ========== ==========
</TABLE>
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