EX-11 2 a07-23708_1ex11.htm EX-11

Exhibit 11

Computation of Earnings Per Share

Lannett Company, Inc. and Subsidiaries

STATEMENT RE COMPUTATION OF EARNINGS PER SHARE

 

 

2005

 

2004

 

2003

 

 

 

Net (Loss)/Income

 

Shares

 

Net Income

 

Shares

 

Net Income

 

Shares

 

 

 

(Numerator)

 

(Denominator)

 

(Numerator)

 

(Denominator)

 

(Numerator)

 

(Denominator)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (loss)/earnings per share factors

 

$

(32,779,597

)

24,097,472

 

$

13,215,454

 

20,831,750

 

$

11,666,887

 

19,968,633

 

Effect of potentially dilutive option plans

 

 

 

 

 

 

 

222,194

 

 

 

152,681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted (loss)/earnings per share factors

 

$

(32,779,597

)

24,191,578

 

$

13,215,454

 

21,053,944

 

$

11,666,887

 

20,121,314

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (loss)/earnings per share

 

$

(1.36

)

 

 

$

0.63

 

 

 

$

0.58

 

 

 

Diluted (loss)/earnings per share

 

$

(1.36

)

 

 

$

0.63

 

 

 

$

0.58

 

 

 

 

Dilutive shares have been excluded in the weighted average shares used for the calculation of earnings per share in periods of net loss because the effect of such securities would be anti-dilutive.  The number of anti-dilutive weighted average shares that have been excluded in the computation of diluted earnings per share for the year ended June 30, 2005, 2004 and 2003 were 857,108, 178,500, and 0, respectively.