Aldila 10-Q 2002 Q2 Quarterly report

Exhibit 11.1

ALDILA, INC. AND SUBSIDIARIES

COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE - UNAUDITED

(In thousands, except per share amounts)

	Three months ended June 30,						Six months ended June 30,
	2002			2001			2002			2001
BASIC:
Net income (loss)	$	(170	)	$	(464	)	$	(368	)	$	524
Weighted average number of common shares outstanding	4,948			5,087			4,948			5,103
Net income (loss) per common share	$	(0.03	)	$	(0.09	)	$	(0.07	)	$	0.10
ASSUMING DILUTION:
Net income (loss)	$	(170	)	$	(464	)	$	(368	)	$	524
Weighted average number of common shares outstanding	4,948			5,087			4,948			5,103
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										28
Weighted average number of common and common equivalent shares	4,948			5,087			4,948			5,131
Net income (loss) per common share, assuming dilution	$	(0.03	)	$	(0.09	)	$	(0.07	)	$	0.10