Page 16
NAI TECHNOLOGIES, INC. AND SUBSIDIARIES
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
- ---------------------------------------------------------------------------
Three Months Ended
June 29, July 1,
1996 1995
- ---------------------------------------------------------------------------
Net Income (loss) $ 815 ($5,805)
Average shares of common stock outstanding
during the period 8,031 7,418
Incremental shares from assumed exercise of stock
options, stock warrants & employee stock
purchase plan (primary)* 482 0
Total shares used to calculate PEPS* 8,513 7,418
------- -------
Primary earnings per share $ 0.10 ($ 0.78)
======= =======
Net Income (loss) $ 815 ($5,805)
Interest on Convertible Debt (Net of Taxes) 217 0
Amortization of OID 35 0
Amortization of Deferred Debt Expense 170 0
------- -------
Adjusted Net Income $ 1,237 ($5,805)
======= =======
Average shares of common stock outstanding
during the period 8,031 7,418
Incremental shares from assumed exercise of stock
options, stock warrants & employee stock
purchase plan (primary) 870 5
Dilution from Convertible Debt 3,171 0
Total shares used to calculate FDEPS* 12,072 7,418
------- -------
Fully Diluted earnings per share $ 0.10 ($ 0.78)
======= =======
*Per APB 15, when a net loss is reported, exercise or conversion is not to be
assumed.
Page 17
NAI TECHNOLOGIES, INC. AND SUBSIDIARIES
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
- -----------------------------------------------------------------------------
Six Months Ended
June 29, July 1,
1996 1995
- -----------------------------------------------------------------------------
Net Income (loss) $ 365 ($6,899)
Average shares of common stock outstanding
during the period 7,747 7,304
Incremental shares from assumed exercise of stock
options, stock warrants & employee stock
purchase plan (primary)* 241 5
Total shares used to calculate PEPS 7,988 7,304
------- -------
Primary earnings per share $ 0.05 ($ 0.94)
======= =======
Net Income (loss) $ 365 ($6,899)
Interest on Convertible Debt (Net of Taxes) 363 0
Amortization of OID (Net of Taxes) 61 0
Amortization of Deferred Debt Expense (Net of Taxes) 225 0
------- -------
Adjusted Net Income $ 1,014 ($6,899)
======= =======
Average shares of common stock outstanding
during the period 7,747 7,304
Incremental shares from assumed exercise of stock
options, stock warrants & employee stock
purchase plan (primary) 436 5
Dilution from Convertible Debt 3,171 0
Total shares used to calculate FDEPS* 11,354 7,304
------- -------
Fully Diluted earnings per share $ 0.09 ($ 0.94)
======= =======
*Per APB 15, when a net loss is reported, exercise or conversion is not to be
assumed.