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EXHIBIT 11
Computations
of
Earnings (Loss) Per Share Information
Primary and Fully Diluted
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE INFORMATION
PRIMARY - EARNINGS (LOSS)
BEFORE EXTRAORDINARY ITEM AND CUMULATIVE EFFECT OF CHANGE
IN THE METHOD OF ACCOUNTING FOR INCOME TAXES
Year Ended June 30,
1995 1994 1993
---- ---- ----
(in thousands, except per share amounts)
Earnings (loss) before extraordinary item
and cumulative effect of change in the method
of accounting for income taxes for computing
earnings (loss) per share - primary . . . . . . . . . . . . . $4,593 $7,310 $(2,045)
===== ===== =====
Weighted average number of common and
common equivalent shares outstanding . . . . . . . . . . . . . 1,245 1,247 1,243
===== ===== =====
Earnings (loss) before extraordinary item
and cumulative effect of change in the method
of accounting for income taxes per common
and common equivalent
share - primary . . . . . . . . . . . . . . . . . . . . . . . $ 3.69 $ 5.86 $ (1.65)
===== ===== =====
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE INFORMATION
PRIMARY - NET EARNINGS (LOSS)
Year Ended June 30,
1995 1994 1993
---- ---- ----
(in thousands, except per share amounts)
Net earnings (loss) for computing earnings
(loss) per share - primary . . . . . . . . . . . . . . . . . . $4,593 $7,760 $(2,180)
===== ===== =====
Weighted average number of common and
common equivalent shares outstanding . . . . . . . . . . . . . 1,245 1,247 1,243
===== ===== =====
Net earnings (loss) per common and common
equivalent share - primary . . . . . . . . . . . . . . . . . . $3.69 $6.22 $(1.75)
===== ===== =====
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE INFORMATION
FULLY DILUTED - EARNINGS (LOSS) BEFORE
EXTRAORDINARY ITEM AND CUMULATIVE EFFECT OF CHANGE IN THE METHOD
OF ACCOUNTING FOR INCOME TAXES
Year Ended June 30,
1995 1994 1993
---- ---- ----
(in thousands, except per share amounts)
Earnings (loss) before extraordinary item
and cumulative effect of change in the method of
accounting for income taxes for computing
earnings (loss) per share - primary . . . . . . . . . . . . . . $4,593 $7,310 $(2,045)
Reduction of interest expense less
applicable income taxes assuming
conversion of 7% convertible
subordinated debentures due 2011 . . . . . . . . . . . . . . . . . 1,137 1,137 -- *
------ ------ -------
Earnings (loss) before extraordinary item
and cumulative effect of change in the method of
accounting for income taxes for computing earnings
(loss) per share - fully diluted . . . . . . . . . . . . . . . . $5,730 $8,447 $(2,045)
====== ====== =======
Weighted average number of common
and common equivalent shares
outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,260 1,249 1,243
Addition from assumed conversion
as of the beginning of each period
of the 7% convertible subordinated
debentures outstanding at the end
of each period . . . . . . . . . . . . . . . . . . . . . . . . . . 885 886 --*
------ ------ -------
Weighted average number of common
and common equivalent shares out-
standing on a fully diluted basis . . . . . . . . . . . . . . . . 2,145 2,135 1,243
====== ====== =======
Earnings (loss) before extraordinary item
and cumulative effect of change in the method
of accounting for income taxes per common
and common equivalent share - fully diluted . . . . . . . . . . . $2.67 $3.96 $(1.65)
====== ====== =======
*Assumed conversion is antidilutive, and accordingly, the debentures are
excluded from the computation.
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HUDSON GENERAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSS) PER SHARE INFORMATION
FULLY DILUTED - NET EARNINGS (LOSS)
Year Ended June 30,
1995 1994 1993
---- ---- ----
(in thousands, except per share amounts)
Net earnings (loss) for computing
earnings (loss) per share - primary . . . . . . . . . . . . . . . $4,593 $7,760 $(2,180)
Reduction of interest expense less
applicable income taxes assuming
conversion of 7% convertible
subordinated debentures due 2011 . . . . . . . . . . . . . . . . . 1,137 1,137 --*
Net earnings (loss) for computing
earnings (loss) per share - fully
diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,730 $8,897 $(2,180)
Weighted average number of common
and common equivalent shares
outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,260 1,249 1,243
Addition from assumed conversion
as of the beginning of each period
of the 7% convertible subordinated
debentures outstanding at the end
of each period . . . . . . . . . . . . . . . . . . . . . . . . . . 885 886 --*
Weighted average number of common
and common equivalent shares out-
standing on a fully diluted basis . . . . . . . . . . . . . . . . 2,145 2,135 1,243
Net earnings (loss) per common and
common equivalent share - fully
diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2.67 $4.17 $(1.75)
* Assumed conversion is antidilutive, and accordingly, the debentures are
excluded from the computation.
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