Exhibit (11.0)
IFR SYSTEMS, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED SIX MONTHS ENDED
DECEMBER 31, DECEMBER 31,
1996 1995 1996 1995
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(000's OMITTED, EXCEPT PER SHARE DATA)
PRIMARY:
Average shares outstanding 5,358 5,489 5,409 5,489
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 211 111 193 133
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Totals 5,569 5,600 5,602 5,622
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Net Income $ 1,616 $ 1,293 $ 2,826 $ 1,701
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Per Share Amount $ 0.29 $ 0.23 $ 0.50 $ 0.30
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FULLY DILUTED:
Average shares outstanding 5,358 5,489 5,409 5,489
Net effect of dilutive stock
options-based on the treasury
stock method using the period-
end market price, if greater
than average market price 218 111 225 133
Assumed conversion of 10%
convertible notes 4 16 4 16
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Totals 5,580 5,616 5,638 5,638
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Net Income $ 1,616 $ 1,293 $ 2,826 $ 1,701
Add 10% convertible note interest,
net of federal income tax effect 1 2 2 4
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Totals $ 1,617 $ 1,295 $ 2,828 $ 1,705
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Per Share Amount $ 0.29 $ 0.23 $ 0.50 $ 0.30
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