EXHIBIT 11 Exhibit (11)-Statement Re: Computation of Earnings Per Share MATTHEWS STUDIO EQUIPMENT GROUP AND SUBSIDIARIES Computation of Primary and Fully Diluted Per Share Earnings ($ in thousands, except per share data) Year Ended September 30, 1997 --------------- PRIMARY PER SHARE EARNINGS: Weighted average shares outstanding 10,456 Net effect of dilutive stock options and warrants 2,070 -------- Total 12,526 Net income $ 1,512 Reduction in interest expense resulting from the assumed exercise of stock options and warrants to purchase common stock and the assumed reduction of outstanding notes payable, net of income taxes 236 -------- Net income, as adjusted $ 1,748 Per share amount $ 0.14 ======= FULLY DILUTED PER SHARE EARNINGS: Weighted average shares outstanding 10,456 Net effect of dilutive stock options and warrants 2,070 -------- Total 12,526 Net income $ 1,512 Reduction in interest expense resulting from the assumed exercise of stock options and warrants to purchase common stock and the assumed reduction of outstanding notes payable, net of income taxes 79 -------- Net income, as adjusted $ 1,591 ======== Per share amount $ $0.13 ======== Note: the above computation is after the extraordinary loss on early extinguishment of debt, which amounted to $0.02 per share.