Aldila 10-Q 2002 Q1 Quarterly report

Exhibit 11.1

ALDILA, INC. AND SUBSIDIARIES

COMPUTATION OF NET INCOME PER COMMON SHARE - UNAUDITED

(In thousands, except per share amounts)

	Three months ended March 31,
	2002				2001
BASIC:
Net income (loss)	$		(198	)	$	988
Weighted average number of common shares outstanding	14,843				15,357
Net income (loss) per common share	$	(0.01		)	$	0.06
ASSUMING DILUTION:
Net income (loss)	$		(198	)	$	988
Weighted average number of common shares outstanding	14,843				15,357
The number of shares resulting from the assumed  exercise of stock options reduced by the number of shares which could have been purchased with the proceeds from such exercise, using the average  market price during the period	—				114
Weighted average number of common and common equivalent shares	14,843				15,471
Net income (loss) per common share, assuming dilution	$		(0.01	)	$	0.06