Exhibit 11
ALLIN CORPORATION
CALCULATION OF NET INCOME PER COMMON SHARE
(Dollars in thousands, except per share data)
| Three Months Ended June 30, 2008 | Three Months Ended June 30, 2007 | Six Months Ended June 30, 2008 | Six Months Ended June 30, 2007 | |||||||||
Net income | $ | 981 | $ | 402 | $ | 1,809 | $ | 1,194 | ||||
Dividends on preferred stock | 378 | 357 | 751 | 705 | ||||||||
Net income attributable to common shareholders | $ | 603 | $ | 45 | $ | 1,058 | $ | 489 | ||||
Earnings per common share - basic | $ | 0.07 | $ | 0.01 | $ | 0.13 | $ | 0.06 | ||||
Earnings per common share - diluted | $ | 0.05 | $ | 0.01 | $ | 0.09 | $ | 0.05 | ||||
Weighted average shares outstanding - basic | 8,341,050 | 7,828,981 | 8,306,434 | 7,828,981 | ||||||||
Weighted average shares outstanding | 8,341,050 | 7,828,981 | 8,306,434 | 7,828,981 | ||||||||
Effect of convertible preferred stock | 4,285,714 | — | 4,285,714 | 4,285,714 | ||||||||
Effect of options | 253,789 | 228,858 | 248,658 | 198,824 | ||||||||
Weighted average shares outstanding - diluted | 12,880,553 | 8,057,839 | 12,840,806 | 12,313,519 | ||||||||