Exhibit 11
COMPUDYNE CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON
EQUIVALENT SHARE
(In Thousands, Except for Per Share Data)
Three Months Ended Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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Primary earnings (loss) per share:
- ---------------------------------
Earnings from continuing operations $ 191 $ 95 $ 472 $ 241
Discontinued operations (loss) - - - (25)
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Net earnings $ 191 $ 95 $ 472 $ 216
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Weighted average common and common
equivalent shares 2,847 2,727 2,847 2,381
Adjustment for options 120 10 106 10
Assumed conversion of preferred shares 1,260 1,260 1,260 1,260
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Primary Shares 4,227 3,997 4,213 3,651
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Earnings (loss) per share:
Continuing operations before
extraordinary item $ .05 $ .02 $ .11 $ .07
Discontinued operations (loss) - - - (.01)
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Net earnings (loss) $ .05 $ .02 $ .11 $ .06
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Fully diluted earnings (loss) per share:
- ---------------------------------------
Earnings from continuing operations $ 191 $ 95 $ 472 $ 241
Adjustment for interest on promissory
notes - 1 - 23
Discontinued operations (loss) - - - (25)
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Net earnings $ 191 $ 96 $ 472 $ 239
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Weighted average common and common
equivalent shares 4,227 3,997 4,213 3,651
Conversion of promissory notes - - - -
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Fully diluted shares 4,227 3,997 4,213 3,651
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Earnings (loss) per share:
Continuing operations before extra-
ordinary item $ .05 $ .02 $ .11 $ .07
Discontinued operations (loss) - - - (.01)
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Net earnings $ .05 $ .02 $ .11 $ .06
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