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Exhibit 11

VIRCO MFG. CORPORATION

Statement re: Computation of Earnings Per Share

|                                                                                                     |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 
|---------------------------------------------------------------------------------------------------- |  | ------------------ | ---------- | ----------------- |  | ---- | ---------- | ---- |  | - | ---------- |  |  | - | ---------- | 
|                                                                                                     |  | Three Months Ended |            | Nine Months Ended
|                                                                                                     |  | October 31         |            | October 31       
|                                                                                                     |  |                    |            |                  
|                                                                                                     |  | 2002               |            | 2001              |  | 2002 |            | 2001
|                                                                                                     |  |                    |            |                   |  |      |            |     
|Diluted earnings per share                                                                           |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 
|Weighted average shares outstanding                                                                  |  |                    | 13,311,000 |                   |  |      | 13,430,000 |      |  |   | 13,368,000 |  |  |   | 13,532,000 | 
|Net effect of dilutive stock
options  based on the treasury
stock method using average market
price |  |                    | 146,000    |                   |  |      | 145,000    |      |  |   | 135,000    |  |  |   | 140,000    | 
|                                                                                                     |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 
|Totals                                                                                               |  |                    | 13,457,000 |                   |  |      | 13,575,000 |      |  |   | 13,503,000 |  |  |   | 13,672,000 | 
|                                                                                                     |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 
|Net income                                                                                           |  | $                  | 3,244,000  |                   |  | $    | 3,912,000  |      |  | $ | 5,367,000  |  |  | $ | 4,637,000  | 
|                                                                                                     |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 
|Per share amount                                                                                     |  | $                  | 0.24       |                   |  | $    | 0.29       |      |  | $ | 0.40       |  |  | $ | 0.34       | 
|                                                                                                     |  |                    |            |                   |  |      |            |      |  |   |            |  |  |   |            | 

Weighted average shares outstanding for the three and nine months ended October
31, 2001 were adjusted for a 10% stock dividend declared on August 20, 2002.