Exhibit 11.2
COMMUNICATIONS CENTRAL INC.
COMPUTATION OF SUPPLEMENTAL EARNINGS PER SHARE
(In thousands, except per share amounts)
YEAR ENDED JUNE 30
1996 1995 1994
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Primary and fully diluted:
Weighted average common stock outstanding
during the period 6,055 5,714 2,993
Net effect of dilutive stock options and stock warrants
computed in accordance with the treasury stock method - 350 279
Securities converted into or exercised for common
stock upon initial consummation of initial public
offering (1) - - 1,630
Dilutive effect on common stock equivalents issued
subsequent to NovemberE1,E1992 computed in
accordance with the treasury stock method as
required by the SEC not included above (2) - - 48
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Total 6,055 6,064 4,950
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Net income $(17,946) $3,172 $2,779
Plus: Reduction in interest expense from conversion
of notes payable - - 47
Plus: Reduction in interest expense from options
converted - - 2
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Net income available for common stock and common
stock equivalents $(17,946) $3,172 $2,828
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Per share amount $(2.96) $ 0.52 $ 0.57
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(1) Supplemental earnings per share reflects securities converted into or
exercised for common stock upon consummation of the initial public offering
as if such conversion or exercise had occurred at the beginning of fiscal
1993, the period immediately preceding the initial public offering.
(2) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin
No. 83, common stock equivalents issued at prices below the assumed initial
public offering price per share ("cheap stock") during the twelve month
period immediately preceding the initial filing date of the CompanyOs
Registration Statement for its public offering have been included as
outstanding for all periods presented prior to the initial public offering.