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,
1996 1995 1996 1995
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Net income ......................................................... $ 365 $ 711 $ 399 $1,108
Proforma interest income related to modified
treasury stock method ........................................... 58 54 116 109
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Adjusted net income ................................................ $ 457 $ 765 $ 515 $1,217
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Weighted average number of common shares
outstanding during the period ...................................... 8,481 8,245 8,463 8,235
Common equivalent share from outstanding
stock options using the modified treasury
stock method .................................................... 716 680 799 679
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) ............................................... 9,197 8,925 9,242 8,914
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Primary income per share ........................................... $ 0.05 $ 0.09 $ 0.06 $ 0.14
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Fully diluted income per share ..................................... $ 0.05 $ 0.09 $ 0.06 $ 0.14
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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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