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EXHIBIT 11
BOWMAR INSTRUMENT CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
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Fiscal Year
1995 1994 1993
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NET INCOME PER COMMON SHARE - PRIMARY:
INCOME:
Net Income $3,903,000 $2,175,000 $ 755,000
Less: Dividends on Preferred Stock 360,000 362,000 384,000
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Net Income Applicable to Common Stock $3,543,000 $1,813,000 $ 371,000
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SHARES:
Weighted Average Number of Common
Shares Outstanding 6,426,378 6,390,408 6,121,679
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 188,863 164,033 114,911
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Weighted Average Number of Shares
and Common Stock Equivalents 6,615,241 6,554,441 6,236,590
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NET INCOME PER COMMON SHARE - PRIMARY $0.54 $0.28 $0.06
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NET INCOME PER COMMON SHARE - FULLY DILUTED:
INCOME:
Net Income $3,903,000 $2,175,000 $ 755,000
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SHARES:
Weighted Average Number of Shares and
Common Stock Equivalents 6,615,241 6,556,826 6,236,590
Number of Shares of Common Stock Issued
Upon Conversion of Preferred Stock 1,599,467 1,600,027 1,716,904
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Weighted Average Number of Shares and
Common Stock Equivalents Assuming
Conversion of Preferred Stock 8,214,708 8,156,853 7,953,494
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NET INCOME PER COMMON SHARE - FULLY DILUTED $0.48 $0.27 $0.09
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