1
ASPECT TELECOMMUNICATIONS CORPORATION
Exhibit 11.1:
Statement Re: Computation of Earnings per Share
(in thousands, except per share amounts)
Three Months Ended September 30, Nine Months Ended September 30,
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1996 1995 1996 1995
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Primary:
Weighted average common shares
outstanding during the period 21,302 20,751 21,197 20,601
Common share equivalents:
Dilutive effect of stock options 1,852 1,185 1,879 1,013
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Total 23,154 21,936 23,076 21,614
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Net income $ 9,232 $ 6,398 $26,429 $17,380
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Primary earnings per share $ 0.40 $ 0.29 $ 1.15 $ 0.80
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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 September 30, Nine Months Ended September 30,
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1996 1995 1996 1995
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Fully Diluted:
Weighted average common shares
outstanding during the period 21,302 20,751 21,197 20,601
Common share equivalents:
Dilutive effect of stock options 2,151 1,357 2,179 1,387
Weighted average shares issuable
upon assumed conversion of debt 2,830 2,830 2,830 2,830
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Total 26,283 24,938 26,206 24,818
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Earnings:
Net income $ 9,232 $ 6,398 $26,429 $17,380
Interest expense during the period on
convertible subordinated debentures,
net of tax 461 465 1,383 1,380
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Net income adjusted for
fully diluted calculation $ 9,693 $ 6,863 $27,812 $18,760
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Fully diluted earnings per share $ 0.37 $ 0.28 $ 1.06 $ 0.76
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