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Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Earnings (Loss) Per share of Common Stock
Years Ended December 31, 2001, 2000 and 1999
| 2001 | 2000 | 1999 | ||||||
---|---|---|---|---|---|---|---|---|---|
Basic earnings (loss) | |||||||||
Earnings (loss) applicable to common stock | $ | (4,052,628 | ) | $ | (3,925,912 | ) | $ | 7,758,949 | |
Weighted average common shares outstanding* | 12,518,724 | 12,475,907 | 12,590,234 | ||||||
Basic earnings (loss) per share | $ | (0.32 | ) | $ | (0.31 | ) | $ | 0.62 | |
Diluted earnings (loss) | |||||||||
Earnings (loss) applicable to common stock | $ | (4,052,628 | ) | (3,925,912 | ) | 7,758,949 | |||
Weighted average common shares outstanding* | 12,518,724 | 12,475,907 | 12,590,234 | ||||||
Assuming conversion of options outstanding* | — | — | 559,635 | ||||||
Weighted average common shares outstanding, as adjusted* | 12,518,724 | 12,475,907 | 13,149,869 | ||||||
Diluted earnings (loss) per share | $ | (0.32 | ) | $ | (0.31 | ) | $ | 0.59 | |
- *
- Adjusted for all stock splits and stock dividends
Because the Company reported net losses for the years ended December 31, 2001 and 2000, 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 these years, there would have been 72,413 and 35,501 additional shares, respectively in the calculation of net loss per share—diluted.
Ballantyne of Omaha, Inc. and Subsidiaries Computation of Earnings (Loss) Per share of Common Stock Years Ended December 31, 2001, 2000 and 1999