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EXHIBIT 11.1
MEGATEST CORPORATION
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(AMOUNTS IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
THREE MONTHS ENDED: SIX MONTHS ENDED:
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FEBRUARY 28, 1995 FEBRUARY 28, 1995
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Weighted average number of common shares outstanding . . . . . . 7,179 7,177
Common share equivalents:
Dilutive effect of stock options . . . . . . . . . . . . . . .
-- --
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Total average common and common equivalent shares . . . . . . . . 7,179 7,177
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Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (3,628) $ (16,094)
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Net income per common and common equivalent share . . . . . . . $ (0.51) $ (2.24)
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FEBRUARY 28, 1994 FEBRUARY 28, 1994
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Weighted average number of common shares outstanding . . . . . . 7,141 6,855
Common share equivalents:
Dilutive effect of stock options . . . . . . . . . . . . . . .
178 189
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Total average common and common equivalent shares . . . . . . . . 7,319 7,044
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Income before accounting change . . . . . . . . . . . . . . . . . $ 2,091 $ 3,869
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Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,091 $ 5,569
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Income per common and common equivalent share
before accounting change . . . . . . . . . . . . . . . $ 0.29 $ 0.55
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Net income per common and common equivalent share . . . . . . . $ 0.29 $ 0.79
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