Exhibit 11
Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Earnings Per Share of Common Stock
Nine Months Ended September 30, 1998 and 1997
1998 1997
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BASIC EARNINGS
Earnings applicable to
common stock $ 5,745,191 $ 5,476,283
Weighted average common
shares outstanding * 13,724,622 13,079,505
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Basic earnings per share $ 0.42 $ 0.42
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DILUTED EARNINGS
Earnings applicable to
common stock $ 5,745,191 $ 5,476,283
Weighted average common
shares outstanding * 13,724,622 13,079,505
Assuming conversion
of options outstanding * 656,027 1,034,934
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Weighted average common
shares outstanding, as adjusted * 14,380,649 14,114,439
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Diluted earnings per share $ 0.40 $ 0.39
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*Adjusted for 3-for-2 stock split effected June 12, 1998
Exhibit 11 continued...
Ballantyne of Omaha, Inc. and Subsidiaries
Computation of Earnings Per Share of Common Stock
Three Months Ended September 30, 1998 and 1997
1998 1997
---- ----
BASIC EARNINGS
Earnings applicable to
common stock $ 2,418,041 $ 2,052,831
Weighted average common
shares outstanding * 13,789,783 13,482,047
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Basic earnings per share $ 0.18 $ 0.15
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DILUTED EARNINGS
Earnings applicable to
common stock $ 2,418,041 $ 2,052,831
Weighted average common
shares outstanding * 13,789,783 13,482,047
Assuming conversion
of options outstanding * 586,595 743,913
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Weighted average common
shares outstanding, as adjusted * 14,376,378 14,225,960
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Diluted earnings per share $ 0.17 $ 0.14
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* Adjusted for 3-for-2 stock split effected June 12, 1998