EXHIBIT 11.1
EMCON
COMPUTATION OF INCOME PER SHARE
(In thousands except per share data)
Three months ended Six months ended
June 30, June 30,
1995 1994 1995 1994
Net income ................................. $ 711 $ 370 $1,108 $ 558
Proforma interest income related
to modified treasury stock method ....... 54 23 109 56
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Adjusted net income ........................ $ 765 $ 393 $1,217 $ 614
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Weighted average number of common shares
outstanding during the period .............. 8,245 8,109 8,235 7,702
Common equivalent share from outstanding
stock options using the modified treasury
stock method ............................ 680 404 679 473
Incremental shares to reflect full
dilution (1) ............................ 0 0 0 0
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Total shares for purposes of calculating
diluted income per share (1) ............... 8,925 8,513 8,914 8,175
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Primary income per share ................... $ 0.09 $ 0.05 $ 0.14 $ 0.08
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Fully diluted income per share ............. $ 0.09 $ 0.05 $ 0.14 $ 0.08
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(1) This calculation is submitted in accordance with Regulation S-K Item
601(b)(11) although not required by footnote 2 to paragraph 14 to APB
opinion No. 15, because it results in dilution of less than 3%.
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