Exhibit 11.0
MAGICWORKS ENTERTAINMENT INCORPORATED AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND 1996
1997 1996
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PRIMARY:
Net income $ 523,104 $ 493,116
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Weighted average common shares outstanding $ 24,394,300 $ 21,831,180
Impact of dilutive warrants and options 1,875,160 -
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Weighted average number of common stock
and common stock equivalents for primary
earnings per share $ 26,269,460 $ 21,831,180
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Net income per common share $ .02 $ .02
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FULLY DILUTED:
Net income $ 523,104 $ 493,116
Interest expense, net of tax benefit,
on convertible notes $ 79,083 $ -
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Weighted average common shares outstanding 24,394,300 20,831,180
Impact of dilutive warrants and options 595,611 -
Impact of convertible notes 1,481,643 -
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Weighted average number of common stock
and common stock equivalents for fully diluted
earnings per share $ 26,471,554 $ 20,831,180
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Net income per common share $ .02 $ .02
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