EX-11 2 0002.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 IPI, INC. AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE (In Thousands, Except Per Share Amounts)
Three Months Ended Six Months Ended May 31, May 31, ------------------- ------------------- 2000 1999 2000 1999 ---- ---- ---- ---- Net Income $ 555 $ 545 $ 721 $ 919 Weighted average number of issued shares outstanding 4,859 4,734 4,835 4,734 Shares used in computation of basic earnings per common stock 4,859 4,734 4,835 4,734 ====== ====== ====== ====== Dilutive effect of outstanding stock options and stock warrants after application of treasury stock method 0 0 0 0 ------ ------ ------ ------ Common and common equivalent shares outstanding-diluted 4,859 4,734 4,835 4,734 ====== ====== ====== ====== Basic and diluted earnings per common share $ .11 $ .12 $ .15 $ .19 ====== ====== ====== ======
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