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Exhibit 11
WHITE ELECTRONIC DESIGNS CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
NINE MONTHS ENDED JULY 1, 2000
NINE MONTHS
FISCAL YEAR 3RD QUARTER
2000 2000
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INCOME (LOSS) PER COMMON SHARE - BASIC
INCOME (LOSS):
Income (Loss) from Continuing Operations $ 4,368,000 $ 1,865,000
Less: Dividends on Preferred Stock 88,955 0
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Income (Loss) Applicable to Continuing Operations 4,279,045 1,865,000
Income (Loss) on Discontinued Operations
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Net Income (Loss) Applicable to Common Stock $ 4,279,045 $ 1,865,000
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SHARES:
Weighted Average Number of Common Shares Outstanding 17,254,330 18,257,834
Income (Loss) Per Common Share - Continuing Operations $ 0.25 $ 0.10
Loss on Discontinued Operations Per Common Share $ -- $ --
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Net Income (Loss) Per Share - Basic $ 0.25 $ 0.10
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NET INCOME (LOSS) PER COMMON SHARE - DILUTED:
INCOME (LOSS):
Income (Loss) From Continuing Operations $ 4,368,000 $ 1,865,000
Income (Loss) From Discontinued Operations -- --
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Net Income(Loss) $ 4,368,000 $ 1,865,000
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SHARES:
Weighted Average Number of Common Shares Outstanding 17,254,330 18,257,834
Number of Common Stock Equivalents Assuming Exercise of
Options Reduced by the Number of Shares Which Could Have
Been Purchased With the Proceeds From Exercise of Such Options 1,096,576 1,182,920
Number of shares issued for stock options exercised as of
the beginning of the period 269,567 36,342
Number of Shares of Common Stock issued upon
Conversion of Preferred Stock as of the beginning of the period 710,376 --
Weighted Average Number of Shares and Common Stock
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Equivalents assuming conversion of Preferred Stock 19,330,848 19,477,096
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Income (Loss), Continuing Operations Per Common Share-Fully Diluted $ 0.23 $ 0.10
Loss on Discontinued Operations Per Common Share-Fully Diluted $ -- $ --
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NET INCOME (LOSS) PER COMMON SHARE- DILUTED $ 0.23 $ 0.10
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