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Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Net Income Per Share of Common Stock
Three and Six Months Ended June 30, 2000 and 1999
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Three Months Ended Six Months Ended
June 30 June 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC NET INCOME (LOSS)
Income (loss) applicable to
common stock $ (669,963) $ 1,823,192 $ (1,478,902) $ 3,659,744
Weighted average common
Shares outstanding 12,461,187 12,644,264 12,460,255 12,647,681
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Basic net income (loss) per share $ (0.05) $ 0.14 $ (0.12) $ 0.29
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DILUTED NET INCOME (LOSS)
Net income (loss) applicable to
Common stock $ (669,963) $ 1,823,192 $ (1,478,902) $ 3,659,744
Weighted average common
Shares outstanding 12,461,187 12,644,264 12,460,255 12,647,681
Assuming conversion of
Options outstanding* - 574,448 - 620,880
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Weighted average common
Shares outstanding, as adjusted 12,461,187 13,218,712 12,460,255 13,268,561
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Diluted net income (loss) per share $ (0.05) $ 0.14 $ (0.12) $ 0.28
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*Excludes impact of stock options of 4,592 and 303,358 for the three and six
months ended June 30, 2000 because inclusion thereof would be anti-dilutive.
