ENVIROTEST SYSTEMS CORP.
EXHIBIT 11 - STATEMENT OF COMPUTATION OF INCOME (LOSS) PER SHARE
(Amounts in thousands, except per share amounts)
Income (Loss) per share is computed using the weighted average number of shares
outstanding plus incremental shares issuable upon exercise of outstanding
options using the treasury stock method.
Three
Months Ended
December 31,
1997 1996
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BASIC:
Net Income (Loss) $ 627 $(6,174)
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INCOME (LOSS) PER COMMON AND
COMMON EQUIVALENT SHARE
Weighted average number of shares outstanding 12,108 16,620
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Income (Loss) per common and common
equivalent share $ 0.05 $ (0.37)
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DILUTIVE:
INCOME (LOSS) PER COMMON SHARE--
ASSUMING DILUTION
Weighted average number of shares outstanding 12,108 16,620
Net effect of dilutive stock options based on
the treasury method using the average
market price of common stock 1,561 --
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Common stock and common stock equivalents 13,669 16,620
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Income (Loss) per common and common
equivalent share $ 0.05 $ (0.37)
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