IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED SIX MONTHS ENDED
DECEMBER 31, DECEMBER 31,
1998 1997 1998 1997
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(000'S OMITTED, EXCEPT PER SHARE DATA)
BASIC:
Average shares outstanding 8,208 8,228 8,206 8,198
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Net income (loss) $ (401) $ 2,291 $(2,041) $ 4,166
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Per share amount $ (0.05) $ 0.28 $ (0.25) $ 0.51
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DILUTED:
Average shares outstanding 8,208 8,228 8,206 8,198
Net effect of dilutive stock
options-based on the treasury
stock method using the average
market price 14 483 52 434
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Totals 8,222 8,711 8,258 8,632
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Net income (loss) $ (401) $ 2,291 $(2,041) $ 4,166
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Per share amount (A) $ (0.05) $ 0.26 $ (0.25) $ 0.48
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(A) - Since the per share amounts for the FY99 interim periods are
antidilutive, the face of the statements of operations reflects diluted
per share amounts equal to the basic per share amounts.