(11)--STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
EDAC TECHNOLOGIES CORPORATION
Three Months Ended Nine Months Ended
September 30 September 30
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1995 1994 1995 1994
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Primary:
Average shares outstanding 3,647,207 3,566,205 3,620,354 3,566,205
Net effect of dilutive
stock options based on
the treasury stock method
using average market price 129,020 103,895 159,791 107,870
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TOTALS 3,776,227 3,670,100 3,780,145 3,674,075
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Net income $ (46,230) $ 23,802 $ 14,760 $ 262,639
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Net income
per share $ (0.01) $ 0.01 $ 0.00 $ 0.07
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Fully diluted:
Average shares outstanding 3,647,207 3,566,205 3,620,354 3,566,205
Net effect of dilutive
stock options based on
the treasury stock method
using quarter end market
price if higher than
average market price 139,816 103,895 145,174 107,870
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TOTALS 3,787,023 3,670,106 3,765,528 3,674,075
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Net income $ (46,230) $ 23,802 $ 14,760 $ 262,639
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Net income
per share $ (0.01) $ 0.01 $ 0.00 $ 0.07
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