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EXHIBIT 11
NAPCO SECURITY SYSTEMS, INC.
COMPUTATION OF EARNINGS PER SHARE
1995 1994 1993 1992 1991
---- ---- ---- ---- ----
Weighted average
number of shares
outstanding 4,367,727 4,367,577 4,366,827 4,366,527 4,366,527
Add common stock
equivalents 21,904 27,053 39,077 13,472 12,263
---------- ---------- ---------- ---------- ----------
Adjusted weighted
average shares
outstanding 4,389,631 4,394,630 4,405,904 4,379,999 4,378,790
========== ========== ========== ========== ==========
Net Income: $ 512,000 $1,254,000 $2,317,000 $1,406,000 $ 511,000
========== ========== ========== ========== ==========
Earnings per share:
primary and fully
diluted: $ .12 $ .29 $ .53 $ .32 $ .12
========== ========== ========== ========== ==========
Earnings per common and common equivalent shares are based upon the
weighted average number of shares of common stock and common stock
equivalents outstanding during the respective periods. Stock options have
been considered to be the equivalent of common stock. Shares issuable
upon exercise of stock options, to the extent appropriate, have been added
to the average common shares actually outstanding for purposes of this
computation, and shares assumed to be purchased at the average market
price during the respective periods, with proceeds from the exercise of
such options, have been deducted from the average shares outstanding.
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