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ASPECT TELECOMMUNICATIONS CORPORATION
EXHIBIT 11.1:
Statement re: Computation of Earnings Per Share
(in thousands, except per share amounts)
Three Months Ended March 31,
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1997 1996
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Primary:
Weighted average common shares
outstanding during the period 48,893 42,452
Common share equivalents:
Dilutive effect of stock options 3,578 3,501
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Total 52,471 45,953
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Net income $11,226 $ 8,425
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Primary earnings per share $ 0.21 $ 0.18
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Three Months Ended March 31,
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1997 1996
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Fully Diluted:
Weighted average common shares
outstanding during the period 48,893 42,452
Common share equivalents:
Dilutive effect of stock options 3,578 3,732
Weighted average shares issuable
upon assumed conversion of debt - 5,659
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Total 52,471 51,843
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Net income $11,226 $ 8,425
Interest expense during the period on
convertible subordinated debentures,
net of tax - 461
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Net income adjusted for
fully diluted calculations $11,226 $ 8,886
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Fully diluted earnings per share $ 0.21 $ 0.17
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