EXHIBIT 11.1
EMCON
COMPUTATION OF INCOME PER SHARE
(In thousands except per share data)
Three months ended Nine months ended
September 30, September 30,
1995 1994 1995 1994
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Net income ............................. $ 650 $ 695 $1,758 $1,253
Proforma interest income related
to modified treasury stock method ... 59 49 194 99
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Adjusted net income .................... $ 709 $ 744 $1,952 $1,352
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Weighted average number of common shares
outstanding during the period .......... 8,296 8,153 8,255 7,856
Common equivalent share from
outstanding stock options using the
modified treasury stock method ...... 657 573 660 462
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) ........... 8,953 8,726 8,915 8,318
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Primary income per share ............... $ 0.08 $ 0.09 $ 0.22 $ 0.16
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Fully diluted income per share ......... $ 0.08 $ 0.09 $ 0.22 $ 0.16
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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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