EX-11 4 a03-5351_1ex11.htm EX-11

Exhibit 11

 

Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Net Income (Loss) Per Share of Common Stock
Three and Nine Months Ended September 30, 2003 and 2002

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2003

 

2002

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

Basic Net Income (Loss) Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) applicable to common stock

 

$

183,241

 

$

(1,736,508

)

$

356,606

 

$

(2,773,261

)

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

12,643,601

 

12,568,302

 

12,626,196

 

12,567,569

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

0.01

 

$

(0.14

)

$

0.03

 

$

(0.22

)

 

 

 

 

 

 

 

 

 

 

Diluted Net Income (Loss) Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) applicable to common stock

 

$

183,241

 

$

(1,736,508

)

$

356,606

 

$

(2,773,261

)

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

12,643,601

 

12,568,302

 

12,626,196

 

12,567,569

 

 

 

 

 

 

 

 

 

 

 

Assuming conversion of options outstanding *

 

572,695

 

—

 

444,109

 

—

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, as adjusted

 

13,216,296

 

12,568,302

 

13,070,305

 

12,567,569

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per share

 

$

0.01

 

$

(0.14

)

$

0.03

 

$

(0.22

)

 

*Because the Company reported net losses for the three and nine months ended September 30, 2002, 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 of loss per share.  If the Company had reported net income for these periods, there would have been 102,785 and 126,789 additional shares in the calculation of net income per share – diluted.