EXHIBIT 11 DYNAMIC MATERIALS CORPORATION Statement Re: Computation of Net Income Per Share
THREE MONTHS ENDED NINE MONTHS ENDED September 30, September 30, September 30, September 30, 1997 1996 1997 1996 ---- ---- ---- ---- Weighted average common shares outstanding............................. 2,714,371 2,527,000 2,669,434 2,516,796 Common stock equivalents resulting from the application of the treasury stock method to the assumed exercise of outstanding stock options............... 166,520 173,657 209,782 152,933 ---------- ---------- ---------- ---------- Total................................ 2,880,891 2,700,657 2,879,216 2,669,729 ========== ========== ========== ========== Net income..................................... $ 462,921 $ 441,318 $1,605,486 $ 945,318 ========== ========== ========== ========== Net income per share........................... $ 0.16 $ 0.16 $ 0.56 $ 0.35 ========== ========== ========== ==========