Sept. 27, Sept. 28, 1997 1996 ------------------------------------------------- --------------------------------------------------------- Net Income (loss) ($3,409) $964 Average shares of common stock outstanding during the period 9,133 8,571...
Exhibit 11
NAI TECHNOLOGIES, INC. AND SUBSIDIARIES
(In thousands)
----------------------------------------------------------------------------------------------------------
Three Months Ended
Sept. 27, Sept. 28,
1997 1996
----------------------------------------------------------------------------------------------------------
Net Income (loss) ($3,409) $964
Average shares of common stock outstanding during the period 9,133 8,571
Incremental shares from assumed exercise of stock options, stock
warrants & employee stock purchase plan (primary) 1,026 429
Total shares used to calculate PEPS * 9,133 9,000
---------- ---------
Primary earnings per share ($0.37) $0.11
========== =========
Net Income (loss) ($3,409) 964
Interest on Convertible Debt (Net of Taxes) 153 184
Amortization of OID (Net of Taxes) 33 19
Amortization of Deferred Debt Expense (Net of Taxes) 80 120
---------- ---------
Adjusted Net Income (3,143) 1,287
========== =========
Average shares of common stock outstanding during the period 9,133 8,571
Incremental shares from assumed exercise of stock options, stock
warrants & employee stock purchase plan (fully diluted) 1,026 561
Dilution from Convertible Debt 2,561 2,789
Total shares used to calculate FDEPS * 9,133 11,921
---------- ---------
Fully Diluted earnings per share ($0.34) $0.11
========== =========
* Per APB 15, when a net loss is reported, exercise or conversion is
not to be assumed.
Exhibit 11
NAI TECHNOLOGIES, INC. AND SUBSIDIARIES
(In thousands)
-------------------------------------------------------------------------------------------------------------
Nine Months Ended
Sept. 27, Sept. 28,
1997 1996
-------------------------------------------------------------------------------------------------------------
Net Income (loss) ($2,529) $1,329
Average shares of common stock outstanding during the period 9,079 8,022
Incremental shares from assumed exercise of stock options, stock
warrants & employee stock purchase plan (primary) 1,233 304
Total shares used to calculate PEPS * 9,079 8,326
---------- ---------
Primary earnings per share ($0.28) $0.16
========== =========
Net Income (loss) (2,529) 1,329
Interest on Convertible Debt (Net of Taxes) 461 548
Amortization of OID (Net of Taxes) 109 79
Amortization of Deferred Debt Expense (Net of Taxes) 260 345
---------- ---------
Adjusted Net Income (1,699) 2,301
========== =========
Average shares of common stock outstanding during the period 9,079 8,022
Incremental shares from assumed exercise of stock options, stock
warrants & employee stock purchase plan (primary) 1,233 478
Dilution from Convertible Debt 2,561 2,789
Total shares used to calculate FDEPS * 9,079 11,289
---------- ---------
Fully Diluted earnings per share ($0.19) $0.20
========== =========
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