Aldila 10-Q 2005 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,
	2005		2004
BASIC:
Net income	$	3,309	$	2,274
Weighted average number of common shares outstanding	5,142		4,876
Net income per common share	$	0.64	$	0.47
ASSUMING DILUTION:
Net income	$	3,309	$	2,274
Weighted average number of common shares outstanding	5,142		4,876
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	295		112
Weighted average number of common and common equivalent shares	5,437		4,988
Net income per common share, assuming dilution	$	0.61	$	0.46