1
ASPECT TELECOMMUNICATIONS CORPORATION
EXHIBIT 11.1:
Statement Re: Computation of Earnings per Share
(in thousands, except per share amounts)
Three Months Ended June 30, Six Months Ended June 30,
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1996 1995 1996 1995
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Primary:
Weighted average common shares
outstanding during the period 21,098 20,590 21,039 20,526
Common share equivalents:
Dilutive effect of stock options 1,967 1,018 1,889 1,022
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Total 23,065 21,608 22,928 21,548
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Net income $ 8,913 $ 5,833 $17,154 $10,982
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Primary earnings per share $ 0.39 $ 0.27 $ 0.75 $ 0.51
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2
ASPECT TELECOMMUNICATIONS CORPORATION
EXHIBIT 11.1 (CONTINUED):
Statement Re: Computation of Earnings Per Share
(in thousands, except per share amounts)
Three Months Ended June 30, Six Months Ended June 30,
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1996 1995 1996 1995
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Fully Diluted:
Weighted average common shares
outstanding during the period 21,098 20,590 21,039 20,526
Common share equivalents:
Dilutive effect of stock options 1,967 1,144 1,957 1,182
Weighted average shares issuable
upon assumed conversion of debt 2,830 2,830 2,830 2,830
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Total 25,895 24,564 25,826 24,538
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Earnings:
Net income $ 8,913 $ 5,833 $17,154 $10,982
Interest expense during the period on
convertible subordinated debentures,
net of tax 461 460 922 915
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Net income adjusted for
fully diluted calculation $ 9,374 $ 6,293 $18,076 $11,897
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Fully diluted earnings per share $ 0.36 $ 0.26 $ 0.70 $ 0.48
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