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MAXCO, INC.
EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended June 30,
1996 1995
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(In thousands except per share data)
NET INCOME FOR COMPUTATION
OF PER SHARE AMOUNTS
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Net income (loss) from continuing operations $ (138) $ (271)
Net income from discontinued operations 470 627
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Net income (loss) 332 356
Preferred stock series 2 dividend (27) (27)
Preferred stock series 3 dividend (24) (24)
Net Income (Loss) Attributable To Common Stock-Primary
Continuing operations (189) (322)
Discontinued operations 470 627
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281 305
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Net Income (Loss) Attributable To Common Stock-Fully
Diluted
Continuing operations (162) (295)
Discontinued operations 470 627
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308 332
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PRIMARY
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Average shares outstanding 4,233,184 4,281,596
Net effect of dilutive stock options--based on the
Treasury Stock Method using average market price 123,755 117,562
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TOTAL 4,356,939 4,399,158
Net income per share:
Continuing operations $ (.04) $ (.07)
Discontinued operations .10 .14
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$ .06 $ .07
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FULLY DILUTED
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Average shares outstanding 4,233,184 4,281,596
Net effect of dilutive stock options--based on the Treasury
Stock Method using the quarter-end market price if
higher than average market price 123,755 119,248
Assumed conversion of series two 12% cumulative
redeemable convertible preferred stock 231,840 231,840
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TOTAL 4,588,779 4,632,684
Net income per share:
Continuing operations $ (.03) $ (.07)
Discontinued operations .10 .14
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$ .07 $ .07
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