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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1997 1996 1997 1996
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Primary:
Weighted average common shares
outstanding during the period 49,056 42,687 48,975 42,569
Common share equivalents:
Dilutive effect of stock options 2,900 3,936 3,226 3,777
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Total 51,956 46,623 52,201 46,346
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Net income $ 12,576 $ 9,074 $ 23,802 $ 17,499
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Primary earnings per share $ 0.24 $ 0.19 $ 0.46 $ 0.38
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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,
---------------------------- ----------------------------
1997 1996 1997 1996
---------- ---------- ---------- ----------
Fully Diluted:
Weighted average common shares
outstanding during the period 49,056 42,687 48,975 42,569
Common share equivalents:
Dilutive effect of stock options 3,007 3,936 3,226 3,915
Weighted average shares issuable
upon assumed conversion of debt -- 5,659 -- 5,659
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Total 52,063 52,282 52,201 52,143
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Net income $ 12,576 $ 9,074 $ 23,802 $ 17,499
Interest expense during the period on
convertible subordinated debentures,
net of tax -- 461 -- 922
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Net income adjusted for
fully diluted calculations $ 12,576 $ 9,535 $ 23,802 $ 18,421
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Fully diluted earnings per share $ 0.24 $ 0.18 $ 0.46 $ 0.35
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