Aldila 10-Q 2005 Q2 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				Six months ended
	June 30,				June 30,
	2005		2004		2005		2004
BASIC:
Net income	$	3,644	$	2,173	$	6,953	$	4,447
Weighted average number of common shares outstanding	5,238		4,976		5,191		4,926
Net income per common share	$	0.70	$	0.44	$	1.34	$	0.90
ASSUMING DILUTION:
Net income	$	3,644	$	2,173	$	6,953	$	4,447
Weighted average number of common shares outstanding	5,238		4,976		5,191		4,926
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	245		241		230		194
Weighted average number of common and common equivalent shares	5,483		5,217		5,421		5,120
Net income per common share, assuming dilution	$	0.66	$	0.42	$	1.28	$	0.87