EXHIBIT 11
EMMIS COMMUNICATIONS CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PER SHARE NET INCOME
-----------------------------------------------
AS RESTATED
-----------
For the Three Months Ended For the Six Months Ended
August 31, 1998 August 31, 1998
--------------- ---------------
Net Weighted Net Weighted
Income Average Per Income Average Per
(Unaudited) Shares Share (Unaudited) Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 2,564,000 15,512,702 $ .17 $ 4,352,000 13,255,592 $ .33
Options 375,405 406,718
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 2,564,000 15,888,107 $ .16 $ 4,352,000 13,662,310 $ .32
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EXHIBIT 11
EMMIS COMMUNICATIONS CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PER SHARE NET INCOME
-----------------------------------------------
For the Three Months Ended For the Six Months Ended
August 31, 1997 August 31, 1997
--------------- ---------------
Net Weighted Net Weighted
Income Average Per Income Average Per
(Unaudited) Shares Share (Unaudited) Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of basic
net income per share $ 4,672,000 11,532,609 $ .41 $ 8,040,000 11,524,351 $ .70
Options 75,421 103,298
----------- ---------- ----- ---------- ---------- -----
Used in the determination of
diluted net income per share $ 4,672,000 11,608,030 $ .40 $ 8,040,000 11,627,649 $ .69
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EXHIBIT 11
EMMIS COMMUNICATIONS CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PRO FORMA PER SHARE NET INCOME
---------------------------------------------------------
AS RESTATED
------------
For the Three Months Ended For the Six Months Ended
August 31, 1998 August 31, 1998
--------------- ---------------
Pro Forma Weighted Pro Forma Weighted
Net Average Per Net Average Per
Income Shares Share Income Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of pro
forma basic net income per share $ 2,216,000 15,662,702 $ .14 $ 2,087,000 15,630,592 $ .13
Options 375,405 406,718
----------- ---------- ----- ---------- ---------- -----
Used in the determination of pro
forma diluted net income per share $ 2,216,000 16,038,107 $ .14 $ 2,087,000 16,037,310 $ .13
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EXHIBIT 11
EMMIS COMMUNICATIONS CORPORATION AND SUBSIDIARIES
-----------------------------------------------
SCHEDULE OF CALCULATION OF PRO FORMA PER SHARE NET INCOME
---------------------------------------------------------
For the Three Months Ended For the Six Months Ended
August 31, 1997 August 31, 1997
--------------- ---------------
Pro Forma Weighted Pro Forma Weighted
Net Average Per Net Average Per
Income Shares Share Income Shares Share
-------- -------- ------ ------- ------ ------
Shares outstanding and net income
used in the determination of pro
forma basic net income per share $ 1,248,000 16,132,609 $ .08 $ 569,000 16,124,351 $ .04
Options 75,421 103,298
----------- ---------- ----- ---------- ---------- -----
Used in the determination of pro
forma diluted net income per share $ 1,248,000 16,208,030 $ .08 $ 569,000 16,227,649 $ .04
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