IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED NINE MONTHS ENDED
MARCH 31, MARCH 31,
1998 1997 1998 1997
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(000'S OMITTED, EXCEPT PER SHARE DATA)
BASIC:
Average shares outstanding 8,173 8,164 8,190 8,169
Net income (loss) $ (16,984) $ 1,726 $ (12,818) $ 4,552
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Per share amount $ (2.08) $ 0.21 $ (1.57) $ 0.56
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DILUTED:
Average shares outstanding 8,173 8,164 8,190 8,169
Net effect of dilutive stock
options-based on the treasury
stock method using the average
market price 428 329 433 310
Assumed conversion of 10%
convertible notes -- 6 -- 6
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Totals 8,601 8,499 8,623 8,485
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Net income (loss) $ (16,984) $ 1,726 $ (12,818) $ 4,552
Add 10% convertible note interest,
net of federal income tax effect -- 1 -- 4
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Totals $ (16,984) $ 1,727 $ (12,818) $ 4,556
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Per share amount (A) $ (1.97) $ 0.20 $ (1.49) $ 0.54
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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.
(A) - Since the per share amounts for the 1998 interim periods are
antidilutive, the face of the statements of income reflects diluted
per share amounts equal to the basic per share amounts.