QuesTech Inc. and Subsidiaries
Exhibit (11)- Statement Re: Computation of Earnings Per Share
Three Months Ended Nine Months Ended
September 30 September 30
1995 1994 1995 1994
Primary:
Average Shares Outstanding 1,568,000 1,568,000 1,568,000 1,568,000
Net effect of dilutive stock options-
based on the treasury stock method
using average market price 77,280 41,199 69,712 31,326
Shares held by the SECT (202,231) (221,792) (205,267) (221,792)
Acquisitions of Treasury Stock (14,055) (4,737)
Weighted Average Number of Shares 1,428,994 1,387,407 1,427,708 1,377,534
Net Income $98,100 $81,100 $337,500 $292,000
Earnings per share, primary $0.07 $0.06 $0.24 $0.21
Fully diluted:
Average Shares Outstanding 1,568,000 1,568,000 1,568,000 1,568,000
Net effect of dilutive stock options-
based on the treasury stock method
using average market price 166,575 62,867 174,443 62,867
Shares held by the SECT (202,231) (221,792) (205,267) (221,792)
Acquisitions of Treasury Stock (14,055) (4,737)
Totals 1,518,289 1,409,075 1,532,439 1,409,075
Net Income $98,100 $81,100 $337,500 $292,000
Earnings per share, fully diluted $0.06 $0.06 $0.22 $0.21