EX-11 4 h82656ex11.txt STATEMENT RE COMPUTATION OF LOSS 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 NINE MONTHS ENDED OCTOBER 31, OCTOBER 31, ------------------------------ ------------------------------ 2000 1999 2000 1999 ------------ ------------ ------------ ------------ COMPUTATION OF BASIC LOSS PER COMMON SHARE: Net loss $ (1,654) $ (1,070) $ (3,397) $ (4,404) ------------ ------------ ------------ ------------ Weighted average number of common shares outstanding 9,032,000 9,551,000 9,220,000 9,550,000 Loss per common share $ (0.18) $ (0.11) $ (0.37) $ (0.46) ============ ============ ============ ============ COMPUTATION OF LOSS PER COMMON SHARE ASSUMING DILUTION: Net loss $ (1,654) $ (1,070) $ (3,397) $ (4,404) ------------ ------------ ------------ ------------ Weighted average number of common shares outstanding 9,032,000 9,551,000 9,220,000 9,550,000 Net effect of dilutive stock options and warrants based on the treasury stock method, using the average market price -- -- -- -- ------------ ------------ ------------ ------------ Common shares outstanding assuming dilution 9,032,000 9,551,000 9,220,000 9,550,000 ============ ============ ============ ============ Loss per common share assuming dilution $ (0.18) $ (0.11) $ (0.37) $ (0.46) ============ ============ ============ ============