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EXHIBIT 11.1
RESMED INC.AND SUBSIDIARIES
COMPUTATIONOF EARNINGS PER COMMON SHARE
(in thousands, except per share amounts)
Year Ended June 30, | |||||||||
2004 | 2003 | 2002 | |||||||
Basic Earnings: | |||||||||
Net income | $ | 57,284 | $ | 45,729 | $ | 37,506 | |||
Shares/ Weighted average number of common shares outstanding | 33,694 | 33,054 | 32,174 | ||||||
Basic earnings per share | $ | 1.70 | $ | 1.38 | $ | 1.17 | |||
Diluted Earnings: | |||||||||
Net income | $ | 57,284 | $ | 45,729 | $ | 37,506 | |||
Shares/ Weighted average number of common shares outstanding | 33,694 | 33,054 | 32,174 | ||||||
Additional shares assuming conversion of stock options under treasury stock method | 1,431 | 1,385 | 1,906 | ||||||
Weighted average number of common and common equivalent shares outstanding as adjusted | 35,125 | 34,439 | 34,080 | ||||||
Diluted earnings per share | $ | 1.63 | $ | 1.33 | $ | 1.10 |
See accompanying report of independent registered public accounting firm.