EX-11 2 0002.txt STATEMENT RE COMPUTATION EARNINGS PER SHARE 1 EXHIBIT 11 MITCHAM INDUSTRIES, INC. STATEMENT RE COMPUTATION OF LOSS PER SHARE (IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)
THREE MONTHS ENDED APRIL 30, ----------------------------- 2000 1999 ------------ ------------ COMPUTATION OF BASIC LOSS PER COMMON SHARE: Net loss $ (793) $ (1,242) ------------ ------------ Weighted average number of common shares outstanding 9,443,000 9,546,000 Loss per common share $ (0.08) $ (0.13) ============ ============ COMPUTATION OF LOSS PER COMMON SHARE ASSUMING DILUTION: Net loss $ (793) $ (1,242) ------------ ------------ Weighted average number of common shares outstanding 9,443,000 9,546,000 Net effect of dilutive stock options and warrants based on the treasury stock method, using the average market price -- -- ------------ ------------ Common shares outstanding assuming dilution 9,443,000 9,546,000 ============ ============ Loss per common share assuming dilution $ (0.08) $ (0.13) ============ ============