IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED NINE MONTHS ENDED
MARCH 31, MARCH 31,
1997 1996 1997 1996
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(000'S OMITTED, EXCEPT PER SHARE DATA)
PRIMARY:
Average shares outstanding 5,443 5,481 5,446 5,487
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 218 161 201 142
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Totals 5,661 5,642 5,647 5,629
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Net Income $ 1,726 $ 1,479 $ 4,552 $ 3,179
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Per Share Amount $ 0.30 $ 0.26 $ 0.81 $ 0.56
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FULLY DILUTED:
Average shares outstanding 5,443 5,481 5,446 5,487
Net effect of dilutive stock
options-based on the treasury
stock method using the period-
end market price, if greater
than average market price 220 219 206 225
Assumed conversion of 10%
convertible notes 4 16 4 16
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Totals 5,667 5,716 5,656 5,728
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Net Income $ 1,726 $ 1,479 $ 4,552 $ 3,179
Add 10% convertible note interest,
net of federal income tax effect 1 2 4 6
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Totals $ 1,727 $ 1,481 $ 4,556 $ 3,185
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Per Share Amount $ 0.30 $ 0.26 $ 0.81 $ 0.56
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