EXHIBIT 11.1 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
EDAC TECHNOLOGIES CORPORATION
Years Ended December 31,
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1995 1994 1993
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Primary:
Weighted average
shares outstanding 3,628,151 3,571,872 3,560,593
Net effect of dilutive stock
options based on the treasury
stock method using average
market price -- 152,146 141,318
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TOTAL 3,628,151 3,724,018 3,701,911
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Net income (loss) $(1,083,219) $ 71,515 $ 741,237
Net income (loss) per share $ (.29) $ .02 $ .20
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Fully diluted:
Weighted average
shares outstanding 3,628,151 3,571,872 3,560,593
Net effect of dilutive stock
options based on the treasury
stock method using the year-end
market price if higher than
average market price -- 122,650 122,447
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TOTAL 3,628,151 3,694,522 3,683,040
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Net income (loss) $(1,083,219) $ 71,515 $ 741,237
Net income (loss) per share $ (.29) $ .02 $ .20
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