EX-11 10 a2106515zex-11.txt EXHIBIT 11 Exhibit 11 Ballantyne of Omaha, Inc. and Subsidiaries Computation of Loss per Share of Common Stock Years Ended December 31, 2002, 2001 and 2000
2002 2001 2000 ------------ ------------ ------------ Basic loss: Loss applicable to common stock $ (3,604,663) $ (4,052,628) $ (3,925,912) Weighted average common shares outstanding 12,572,442 12,518,724 12,475,907 ------------ ------------ ------------ Basic loss per share $ (0.29) $ (0.32) $ (0.31) ============ ============ ============ Diluted loss: Loss applicable to common stock $ (3,604,663) $ (4,052,628) $ (3,925,912) Weighted average common shares Outstanding 12,572,442 12,518,724 12,475,907 ------------ ------------ ------------ Assuming conversion of options Outstanding -- -- -- ------------ ------------ ------------ Weighted average common shares Outstanding, as adjusted 12,572,442 12,518,724 $ 12,475,907 ------------ ------------ ------------ Diluted loss per share $ (0.29) $ (0.32) $ (0.31) ============ ============ ============
Because the Company reported net losses for the years ended December 31, 2002, 2001 and 2000, 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 these years, there would have been 108,429, 72,413 and 35,501 additional shares, respectively, in the calculation of net loss per share-diluted.