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Exhibit 11.1
RESOUND CORPORATION
STATEMENT OF COMPUTATION OF NET INCOME PER SHARE
(in thousands except per share data)
Three months ended Six months ended
June 30, July 2, June 30, July 2,
1996 1995 1996 1995
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Net income ........................................................... $ 1,092 $ 102 $ 1,210 $ 512
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Average common shares outstanding (1) ................................ 15,860 15,412 15,758 15,368
Net effect of dilutive stock options (based on treasury stock method), 878 257 644 315
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Total shares for primary and fully diluted net income per share (2) .. 16,738 15,669 16,402 15,683
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Net income per share ................................................. $ 0.07 $ 0.01 $ 0.07 $ 0.03
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Notes:
(1) Actual shares issued and outstanding as of June 30, 1996 were 19,309,972.
(2) Fully diluted amounts do not differ materially.