Imax Corp – ‘10-Q’ for 9/30/97 – EX-11

As of:  Friday, 11/14/97   ·   For:  9/30/97   ·   Accession #:  950130-97-5028   ·   File #:  0-24216

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      16     75K 
 2: EX-11       Statement Re: Computation of Earnings Per Share        2±    11K 

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

EX-11
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IMAX CORPORATION                                                    Exhibit 11  
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE                                 
Expressed in thousands, except per share amounts                                
--------------------------------------------------------------------------------

                                                        [Enlarge/Download Table]

                                                               THREE MONTHS ENDED                       
                                       -----------------------------------------------------------------
                                               SEPTEMBER 30, 1997                SEPTEMBER 30, 1996     
                                       ---------------------------------     ---------------------------
                                                PRIMARY           FULLY         PRIMARY           FULLY 
                                                                DILUTED                         DILUTED 
                                       ----------------    ------------    ------------    ------------ 
                                                                                                        

NET EARNINGS                                    $ 5,485         $ 5,485         $ 4,244         $ 4,244 
Less:   Preferred dividends                         (43)            (43)            (42)            (42)
        Preferred accretion                         (41)            (41)            (36)            (36)
                                       ----------------    ------------    ------------    ------------ 

Net earnings available to common                                                                        
 shareholders                                   $ 5,401         $ 5,401         $ 4,166         $ 4,166 
                                       ================    ============    ============    ============ 

WEIGHTED AVERAGE SHARES CALCULATION:                                                                    

Number of common shares outstanding                                                                     
 at beginning of period                          27,886          27,886          28,154          28,154 

Weighted average shares                                                                                 
 Issued pursuant to employment contract               3               3               4               4 
 Options exercised                                1,114           1,114             232             232 
 Shares repurchased                                   -               -            (660)           (660)

Assumed exercise of stock options, net                                                                  
 of shares assumed acquired under the                                                                   
 Treasury Stock Method                            1,377           1,379           1,924           1,982 
                                       ----------------    ------------    ------------    ------------ 

SHARES USED IN COMPUTING PER SHARE                                                                      
 AMOUNTS                                         30,380          30,382          29,654          29,712 
                                       ================    ============    ============    ============ 

WEIGHTED AVERAGE PER SHARE AMOUNTS                $0.18           $0.18           $0.14           $0.14 
                                       ================    ============    ============    ============ 


                                                               NINE MONTHS ENDED                        
                                       -----------------------------------------------------------------
                                               SEPTEMBER 30, 1997                SEPTEMBER 30, 1996     
                                       ---------------------------------     ---------------------------
                                                PRIMARY           FULLY         PRIMARY           FULLY 
                                                                DILUTED                         DILUTED 
                                       ----------------    ------------    ------------    ------------ 
                                                                                                        
NET EARNINGS                                    $13,331         $13,331         $10,506         $10,506 
Less:   Preferred dividends                        (128)           (128)           (127)           (127)
        Preferred accretion                        (119)           (119)           (104)           (104)
                                       ----------------    ------------    ------------    ------------ 

Net earnings available to common                                                                        
 shareholders                                   $13,084         $13,084         $10,275         $10,275 
                                       ================    ============    ============    ============ 

WEIGHTED AVERAGE SHARES CALCULATION:                                                                    

Number of common shares outstanding                                                                     
 at beginning of period                          27,886          27,886          28,154          28,154 

Weighted average shares                                                                                 
 Issued pursuant to employment contract               1               1               -               - 
 Options exercised                                  481             481             112             112 
 Shares repurchased                                   -               -            (416)           (416)

Assumed exercise of stock options, net                                                                  
 of shares assumed acquired under the                                                                   
 Treasury Stock Method                            1,696           1,708           2,128           2,242 
                                       ----------------    ------------    ------------    ------------ 

SHARES USED IN COMPUTING PER SHARE                                                                      
 AMOUNTS                                         30,064          30,076          29,978          30,092 
                                       ================    ============    ============    ============ 

WEIGHTED AVERAGE PER SHARE AMOUNTS                $0.44           $0.44           $0.34           $0.34 
                                       ================    ============    ============    ============ 

Dates Referenced Herein

This ‘10-Q’ Filing		Date		Other Filings
		11/19/97		None on these Dates
Filed on:		11/14/97
For Period End:		9/30/97
		9/30/96
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