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MET-COIL SYSTEMS CORPORATION
EXHIBIT 11 - COMPUTATION OF INCOME (LOSS) PER COMMON
AND COMMON EQUIVALENT SHARES
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
February 29, February 28, February 29, February 28,
1996 1995 1996 1995
(Restated) (Restated)
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Common shares outstanding, beginning of period 3,036 2,814 2,905 2,745
Weighted average of common shares issued 22 56 106 83
Weighted average common equivalent shares attributable to stock
options granted, computed using the treasury stock method --- 27 --- 27
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Weighted average common and common equivalent shares 3,058 2,897 3,011 2,855
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Income (loss) applicable to common stock $ 2,322 $ (466) $ 495 $ (1,068)
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Net income (loss) per common and common equivalent share $ 0.76 $ (0.16) $ 0.16 $ (0.37)
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