IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED SIX MONTHS ENDED
DECEMBER 31, DECEMBER 31,
1997 1996 1997 1996
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(000'S OMITTED, EXCEPT PER SHARE DATA)
BASIC:
Average shares outstanding 8,228 8,037 8,198 8,113
Net Income $ 2,291 $ 1,616 $ 4,166 $ 2,826
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Per Share Amount $ 0.28 $ 0.20 $ 0.51 $ 0.35
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DILUTED:
Average shares outstanding 8,228 8,037 8,198 8,113
Net effect of dilutive stock
options-based on the treasury
stock method using the average
market price 483 317 434 291
Assumed conversion of 10%
convertible notes - 6 - 6
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Totals 8,711 8,360 8,632 8,410
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Net Income $ 2,291 $ 1,616 $ 4,166 $ 2,826
Add 10% convertible note interest,
net of federal income tax effect - 1 - 2
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Totals $ 2,291 $ 1,617 $ 4,166 $ 2,828
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Per Share Amount $ 0.26 $ 0.19 $ 0.48 $ 0.34
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Note - All references to number of shares, share prices and per share
amounts have been restated to reflect the stock split.