EX-11 3 atro3qtr-ex11.htm COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11

 

 

EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS

 

 

(in thousands, except for per share data)
   

Nine Months Ended September 28
             
   

2002

  

2001

             

Income from continuing operations

  

$

2,732

  

$

3,308

Discontinued operations

    

1,240

    

1,067

Net income

  

$

3,972

  

$

4,375

             

Basic earnings per share weighted average shares

  

$

8,080

  

$

8,040

Net effect of dilutive stock options

    

193

    

319

Diluted earnings per share weighted average shares

  

$

8,273

  

$

8,359

             

Basic earnings per share:

            
 

Continuing operations

  

$

.34

  

$

.41
 

Discontinued operations

    

.15

    

.13

 

Net income

  

$

.49

  

$

.54

             

Diluted earnings per share:

            
 

Continuing operations

  

$

.33

  

$

.39
 

Discontinued operations

    

.15

    

.13

 

Net income

  

$

.48

  

$

.52