Exhibit 11.1
BOX HILL SYSTEMS CORP. AND SUBSIDIARY
PRO FORMA NET INCOME PER SHARE CALCULATION
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
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1997 1996 1997 1996
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Pro forma net income .................. $ 1,740 $ 794 $ 4,814 $ 2,476
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Weighted average shares outstanding ... 10,506 9,900 10,104 9,900
Dilutive effect of common stock
equivalents ...................... 1,078 1,093 1,077 1,080
Weighted average number of shares that
were required to be sold to fund
distributions to the S Corporation
shareholders ..................... 635 753 714 753
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Shares used in computing pro forma
income per share ................. 12,219 11,746 11,895 11,733
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Pro forma net income per share ........ $ .14 $ .07 $ .40 $ .21
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Mark up the preceding blank FDS for use, for example, with an annual
report on Form 10-K or 10-KSB that would be filed by a registrant whose
fiscal year ended December 31, 1995; note that responses to the monetary
tags would be expressed in thousands of dollars (000's omitted) unless
the value for [MULTIPLIER] were changed to a different, acceptable
number. The preceding FDS is for use with EDGAR Release 4.40 (the
current system).
See "Format and Input of Financial Data Schedules (Applicable to All
Filers)" in Appendix E of the EDGAR Filer Manual (December 1995) and
"Financial Data Schedules: Frequently Asked Questions" in the October
1995 issue of SEC EDGAR News.
July 22, 1996 EDGAR Services
Global Financial Press
(212) 387-7200