Aldila 10-Q 2008 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,
	2008			2007		2008			2007
BASIC:
Net (loss) income	$	(523	)	$	1,661	$	(65	)	$	4,356
Weighted average number of common shares outstanding	5,155			5,522		5,155			5,523
Net (loss) income per common share	$	(0.10	)	$	0.30	$	(0.01	)	$	0.79
ASSUMING DILUTION:
Net (loss) income	$	(523	)	$	1,661	$	(65	)	$	4,356
Weighted average number of common shares outstanding	5,155			5,522		5,155			5,523
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	35			53		37			63
Weighted average number of common and common equivalent shares	5,190			5,575		5,192			5,586
Net (loss) income per common share, assuming dilution	$	(0.10	)	$	0.30	$	(0.01	)	$	0.78