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EXHIBIT 11
ALTERA CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)
THREE MONTHS ENDED
March 31, March 31,
1996 1995
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PRIMARY:
Weighted average shares outstanding 43,629 43,097
Net effect of dilutive stock options 2,339 1,965
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Total 45,968 45,062
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Net income $31,440 $15,097
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Income per share $ 0.68 $ 0.34
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FULLY DILUTED:
Weighted average shares outstanding 43,629 43,097
Net effect of dilutive stock options 2,339 1,965
Assumed conversion of convertible subordinated notes 4,495 --
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Total 50,463 45,062
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Net income $31,440 $15,097
Add:
Convertible subordinated notes interest, net of income 1,920 --
taxes ------- -------
Adjusted net income $33,360 $15,097
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Income per share $ 0.66 $ 0.34
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