IFR SYSTEMS, INC.
EXHIBIT (11) - STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED NINE MONTHS ENDED
MARCH 31, MARCH 31,
1995 1994 1994 1995
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(000'S OMITTED, EXCEPT PER SHARE DATA)
PRIMARY:
Average shares outstanding 5,282 5,238 5,269 5,232
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 191 43 94 58
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Totals 5,473 5,281 5,363 5,290
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Net Income $ 655 $ 200 $ 1,718 $ 726
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Per Share Amount $ 0.12 $ 0.04 $ 0.32 $ 0.14
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FULLY DILUTED:
Average shares outstanding 5,282 5,238 5,269 5,232
Net effect of dilutive stock
options-based on the treasury
stock method using the period-
end market price, if greater
than average market price 258 43 260 58
Assumed conversion of 10%
convertible notes 153 153 153 153
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Totals 5,693 5,434 5,682 5,443
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Net Income $ 655 $ 200 $ 1,718 $ 726
Add 10% convertible note interest,
net of federal income tax effect 18 18 55 55
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Totals $ 673 $ 218 $ 1,773 $ 781
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Per Share Amount $ 0.12 $ 0.04 $ 0.31 $ 0.14
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