EX-11 4 a2093409zex-11.htm EXHIBIT 11
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Exhibit 11

Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Net Loss Per Share of Common Stock
Three and Nine Months Ended September 30, 2002 and 2001

 
   Three Months Ended
September 30,
   Nine Months Ended
September 30,
  
 
   2002
   2001
   2002
   2001
  
Basic Net Loss Per Share                          

Net loss applicable to common stock
 
$
(1,736,508
)
$
(846,433
)
$
(2,773,261
)
$
(2,249,722
)

Weighted average common shares outstanding
 
 
12,568,302
 
 
12,512,672
 
 
12,567,569
 
 
12,512,672
 
   
 
 
 
 

Basic loss per share
 
$
(0.14
)
$
(0.07
)
$
(0.22
)
$
(0.18
)
   
 
 
 
 

Diluted Net Loss Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 

Net loss applicable to common stock
 
$
(1,736,508
)
$
(846,433
)
$
(2,773,261
)
$
(2,249,722
)

Weighted average common shares outstanding
 
 
12,568,302
 
 
12,512,672
 
 
12,567,569
 
 
12,512,672
 

Assuming conversion of options
outstanding *
 
 
—
 
 
—
 
 
—
 
 
—
 
   
 
 
 
 

Weighted average common shares outstanding, as adjusted
 
 
12,568,302
 
 
12,512,672
 
 
12,567,569
 
 
12,512,672
 
   
 
 
 
 

Diluted net loss per share
 
$
(0.14
)
$
(0.07
)
$
(0.22
)
$
(0.18
)
   
 
 
 
 
*
Because the Company reported net losses for the three and nine months ended September 30, 2002 and 2001, respectively, the calculation of net loss per share—diluted excludes potential common shares from stock options, as they are anti-dilutive and would result in a reduction in loss per share. If the Company had reported net income for the three and nine months ended September 30, 2002, there would have been 102,785 and 126,789 additional shares, respectively, in the calculation of net income per share—diluted. If the Company had reported net income for the three and nine months ended September 30, 2001, there would have been 75,711 and 73,990 additional shares, respectively, in the calculation of net income per share—diluted.


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