BBN CORPORATION
EXHIBIT 11.1
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(Amounts in thousands except per-share data)
Three Months Ended
-------------------------------------------
December 31, 1996 December 31, 1995
-------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
--------- --------- --------- ---------
Weighted average shares
outstanding 21,053 21,053 17,694 17,694
Incremental shares from use of
treasury stock method for
stock options (a) (a) (a) (a)
--------- --------- --------- ---------
Shares used in per-share
calculations 21,053 21,053 17,694 17,694
========= ========= ========= =========
Loss from continuing operations $(10,188) $(10,188) $ (5,545) $ (5,545)
Loss from discontinued operations (2,345) (2,345)
--------- --------- --------- ---------
Net loss $(10,188) $(10,188) $ (7,890) $ (7,890)
========= ========= ========= =========
Net loss per share amounts:
Loss from continuing operations $ (.48) $ (.48) $ (.32) $ (.32)
Loss from discontinued operations (.13) (.13)
--------- --------- --------- ---------
Net loss per share $ (.48) $ (.48) $ (.45) $ (.45)
========= ========= ========= =========
(a) Incremental shares were not used as their effect would be antidilutive.
BBN CORPORATION
EXHIBIT 11.1
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(continued)
(Amounts in thousands except per-share data)
Six Months Ended
-------------------------------------------
December 31, 1996 December 31, 1995
-------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
--------- --------- --------- ---------
Weighted average shares
outstanding 20,847 20,847 17,606 17,606
Incremental shares from use of
treasury stock method for
stock options 549 679 (a) (a)
Incremental shares from assumed
conversion of convertible
debentures 2,439 (a) (a)
--------- --------- --------- ---------
Shares used in per-share
calculations 21,396 23,965 17,606 17,606
========= ========= ========= =========
Loss from continuing operations $(20,936) $(20,936) $ (9,975) $ (9,975)
Interest effect of assumed
debt conversion 1,782
--------- --------- --------- ---------
Adjusted loss from continuing
operations (20,936) (19,154) (9,975) (9,975)
Income (loss) from discontinued
operations 20,000 20,000 (6,566) (6,566)
--------- --------- --------- ---------
Net income (loss) (936) 846 (16,541) (16,541)
========= ========= ========= =========
Net income (loss) per share amounts:
Loss from continuing operations $ (.98) $ (.80) $ (.57) $ (.57)
Income (loss) from discontinued
operations .94 .84 (.37) (.37)
--------- --------- --------- ---------
Net income (loss) per share $ (.04) $ .04 $ (.94) $ (.94)
========= ========= ========= =========
(a) Incremental shares were not used as their effect would be antidilutive.