1
EXHIBIT 11.1
AWARD SOFTWARE INTERNATIONAL INC.
COMPUTATION OF NET INCOME PER SHARE (1)
(In thousands except per share amount)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------- -------------------
1996 1995 1996 1995
------ ------ ------ ------
Net income $ 608 $ 220 $1,711 $ 601
------ ------ ------ ------
Weighted average common and
common equivalent shares:
Common stock 3,092 3,420 3,092 3,701
Common stock equivalents from
stock options/warrants using
the treasury stock method 444 477 464 391
Shares of common stock issued
and options and warrants granted
in accordance with SAB No.83 2,503 2,503 2,503 2,503
------ ------ ------ ------
Weighted average common and
common equivalent shares 6,039 6,400 6,059 6,595
------ ------ ------ ------
Net income per share $ 0.10 $ 0.03 $ 0.28 $ 0.09
====== ====== ====== ======
(1) Net income per share is computed using the weighted average number of
common and common equivalent shares, when dilutive, from stock options and
warrants (using the treasury stock method). Pursuant to a Securities and
Exchange Commission Staff Accounting Bulletin, common and common equivalent
shares (using the treasury stock method and the public offering price)
issued by the Company within 12 months prior to the Company's initial
public offering filing and through the effective date of such filing have
been included in the calculation as if they were outstanding for all
periods presented.