Aldila 10-Q 2001 Q1 Quarterly report

Exhibit 11.1

ALDILA, INC. AND SUBSIDIARIESCOMPUTATION OF NET INCOME PER COMMON SHARE - UNAUDITED(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

	Three months ended March 31,
	2001	2000
BASIC:
Net income	$988	$580
Weighted average number of common shares outstanding	15,357	15,462
Net income per common share	$0.06	$0.04
ASSUMING DILUTION:
Net income	$988	$580
Weighted average number of common shares outstanding	15,357	15,462
The number of shares resulting from the assumedexercise of stock options reduced by the numberof shares which could have been purchased withthe proceeds from such exercise, using the averagemarket price during the period	114	114
Weighted average number of common and common equivalent shares	15,471	15,576
Net income per common share, assuming dilution	$0.06	$0.04