EX-11 3 dex11.htm COMPUTATION OF SHARES Prepared by R.R. Donnelley Financial -- Computation of Shares
 
EXHIBIT 11
 
COMARCO, INC. AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
 
    
For the Year Ended January 31,
  
    
2002
     
2001
     
2000
  
Basic:
                           
Net income from continuing operations
   
$
4,910
 
   
$
4,550
 
   
$
3,586
 
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
    
  
  
Basic earnings per share from continuing operations
   
$
0.70
 
   
$
0.67
 
   
$
0.55
 
    
  
  
Net loss from discontinued operations
   
$
—
 
   
$
(9
)
   
$
(433
)
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
    
  
  
Basic loss per share from discontinued operations
   
$
—
 
   
$
—
 
   
$
(0.07
)
    
  
  
Net income
   
$
4,910
 
   
$
4,541
 
   
$
3,153
 
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
    
  
  
Basic earnings per share
   
$
0.70
 
   
$
0.67
 
   
$
0.48
 
    
  
  
Diluted:
                           
Net income from continuing operations
   
$
4,910
 
   
$
4,550
 
   
$
3,586
 
Effect of subsidiary options
   
 
(228
)
   
 
(307
)
   
 
(216
)
    
  
  
Net income used in calculation of diluted earnings per share from continuing operations
   
$
4,682
 
   
$
4,243
 
   
$
3,370
 
    
  
  
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
Effect of dilutive securities–stock options
   
 
93
 
   
 
254
 
   
 
265
 
    
  
  
Weighted average shares used in calculation of diluted earnings per share from continuing operations
   
 
7,128
 
   
 
7,005
 
   
 
6,837
 
    
  
  
Diluted earnings per share from continuing operations
   
$
0.66
 
   
$
0.61
 
   
$
0.49
 
    
  
  
Net loss from discontinued operations
   
$
—
 
   
$
(9
)
   
$
(433
)
Effect of subsidiary options
   
 
—
 
   
 
—
 
   
 
—
 
    
  
  
Net loss used in calculation of diluted earnings per share from discontinued operations
   
$
—
 
   
$
(9
)
   
$
(433
)
    
  
  
 
(continued on next page)

COMARCO, INC. AND SUBSIDIARIES
SCHEDULE OF COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(continued)
 
    
For the Year Ended January 31,
  
    
2002
     
2001
     
2000
  
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
Effect of dilutive securities – stock options
   
 
93
 
   
 
254
 
   
 
265
 
    
  
  
Weighted average shares used in calculation of diluted loss per share from discontinued operations
   
 
7,128
 
   
 
7,005
 
   
 
6,837
 
    
  
  
Diluted loss per share from discontinued operations
   
$
—
 
   
$
—
 
   
$
(0.06
)
    
  
  
Diluted:
                           
Net income
   
$
4,910
 
   
$
4,541
 
   
$
3,153
 
Effect of subsidiary options
   
 
(228
)
   
 
(307
)
   
 
(216
)
    
  
  
Net income used in calculation of diluted earnings per share
   
$
4,682
 
   
$
4,234
 
   
$
2,937
 
    
  
  
Weighted average shares outstanding
   
 
7,035
 
   
 
6,751
 
   
 
6,572
 
Effect of dilutive securities–stock options
   
 
93
 
   
 
254
 
   
 
265
 
    
  
  
Weighted average shares used in calculation of diluted earnings per share
   
 
7,128
 
   
 
7,005
 
   
 
6,837
 
    
  
  
Diluted earnings per share
   
$
0.66
 
   
$
0.61
 
   
$
0.43