EXHIBIT 11
DYNCORP AND SUBSIDIARIES
COMPUTATIONS OF EARNINGS PER COMMON SHARE
(Dollars in Thousands Except Per Share Amounts)
Three Months Ended Nine Months Ended
September 25, September 26, September 25, September 26,
1997 1996 1997 1996
PRIMARY AND FULLY DILUTED
Earnings:
Earnings from continuing operations $4,087 $3,241 $8,433 $9,035
Discontinued operations - - - 865
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Net earnings 4,087 3,241 8,433 9,900
Preferred stock Class C dividends not
declared or recorded - (583) - (1,675)
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Common stockholders' share of earnings $4,087 $2,658 $8,433 $8,225
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Shares:
Weighted average common shares
outstanding 8,927,654 8,415,946 8,792,461 8,464,517
Common stock issuable upon exercise
of warrants 1,402,734 3,235,658 1,772,124 3,248,117
Common stock issuable upon exercise
of stock options 127,377 34,486 129,652 12,291
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10,457,765 11,686,090 10,694,237 11,724,925
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Earnings from continuing operations $ 0.39 $ 0.23 $ 0.79 $ 0.63
Discontinued operations - - - 0.07
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Common stockholders' share of earnings $ 0.39 $ 0.23 $ 0.79 $ 0.70
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