Capital Associates Inc – ‘10-Q’ for 2/28/95 – EX-11

As of:  Tuesday, 4/4/95   ·   For:  2/28/95   ·   Accession #:  804188-95-10   ·   File #:  0-15525

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      19     83K 
 3: EX-10       Material Contract                                     69±   250K 
 4: EX-10       Material Contract                                     12±    49K 
 5: EX-11       Statement re: Computation of Earnings Per Share        1      6K 
 2: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 

EX-11   —   Statement re: Computation of Earnings Per Share

                                                                   Exhibit 11A

 CAPITAL ASSOCIATES, INC. AND SUBSIDIARIES

 COMPUTATION OF PRIMARY EARNINGS PER SHARE

                      THREE MONTHS ENDED           NINE MONTHS ENDED
                       --------------------------   --------------------------
                       February 28,  February 28,   February 28,  February 28,
                    1995          1994           1995         1994
                       ------------  ------------   ------------  ------------

Shares outstanding at                                                           
beginning of period    10,211,000     9,654,000      9,759,000    9,654,000 

Shares issued during                                                            
the period                                                                  
(weighted average)              -        61,000        352,000       54,000 

Dilutive shares                                                                 
contingently issuable                                                       
upon exercise of options                                                    
(weighted average)      1,832,000     2,265,000      1,966,000    2,287,000 

Less shares assumed to                                                          
have been purchased for                                                     
treasury with assumed                                                       
proceeds from exercise                                                      
of stock options                                                            
(weighted average)     (1,383,000)   (1,129,000)    (1,245,000)  (1,017,000)
                      ----------    ----------     ----------   ----------
Total shares, primary    10,660,000    10,851,000     10,832,000   10,978,000   
                      ==========    ==========     ==========   ==========

Net income               $   54,000    $  187,000     $  288,000   $  642,000   
                      ==========    ==========     ==========   ==========

Income per common and                                                           
common equivalent                                                           
share, primary         $     0.01    $     0.02     $     0.03   $     0.06 
                      ==========    ==========     ==========   ==========