BBN CORPORATION
EXHIBIT 11.1
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(Amounts in thousands except per-share data)
Three Months Ended
-------------------------------------------
March 31, 1997 March 31, 1996
-------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
--------- --------- --------- ---------
Weighted average shares
outstanding 21,220 21,220 17,802 17,802
Incremental shares from use of
treasury stock method for
stock options (a) (a) (a) (a)
--------- --------- --------- ---------
Shares used in per-share
calculations 21,220 21,220 17,802 17,802
========= ========= ========= =========
Loss from continuing operations $(12,210) $(12,210) $(28,678) $(28,678)
Loss from discontinued operations (463) (463)
--------- --------- --------- ---------
Net loss $(12,210) $(12,210) $(29,141) $(29,141)
========= ========= ========= =========
Net loss per share amounts:
Loss from continuing operations $ (.58) $ (.58) $ (1.61) $ (1.61)
Loss from discontinued operations (.03) (.03)
--------- --------- --------- ---------
Net loss per share $ (.58) $ (.58) $ (1.64) $ (1.64)
========= ========= ========= =========
(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)
Nine Months Ended
-------------------------------------------
March 31, 1997 March 31, 1996
-------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
--------- --------- --------- ---------
Weighted average shares
outstanding 20,971 20,971 17,670 17,670
Incremental shares from use of
treasury stock method for
stock options 595 600 (a) (a)
Incremental shares from assumed
conversion of convertible
debentures 2,439 (a) (a)
--------- --------- --------- ---------
Shares used in per-share
calculations 21,566 24,010 17,670 17,670
========= ========= ========= =========
Loss from continuing operations $(33,146) $(33,146) $(38,653) $(38,653)
Interest effect of assumed
debt conversion 3,341
--------- --------- --------- ---------
Adjusted loss from continuing
operations (33,146) (29,805) (38,653) (38,653)
Income (loss) from discontinued
operations 20,000 20,000 (7,029) (7,029)
--------- --------- --------- ---------
Net loss $(13,146) $ (9,805) $(45,682) $(45,682)
========= ========= ========= =========
Net income (loss) per share amounts:
Loss from continuing operations $ (1.54) $ (1.24) $ (2.19) $ (2.19)
Income (loss) from discontinued
operations .93 .83 (.40) (.40)
--------- --------- --------- ---------
Net loss per share $ (.61) $ (.41) $ (2.59) $ (2.59)
========= ========= ========= =========
(a) Incremental shares were not used as their effect would be antidilutive.