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EXHIBIT 11.1
CALCULATION OF HISTORICAL AND PRO FORMA NET INCOME (LOSS) PER SHARE
(In thousands, except per share amounts)
(unaudited)
Three months ended Six months ended
September 30, September 30,
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1997 1996 1997 1996
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Net income (loss) ..................... $ 95 $(1,615) $ 3,513 $(9,189)
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Primary net income per share........... $ 0.01
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Historical weighted average number of
common and common equivalent shares:
Preferred stock.................... 165
Common stock....................... 14,472
Dilutive common stock options ..... 1,627
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16,264
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Pro forma net income (loss)
per share.. $ (0.14) $ 0.25 $(0.79)
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Pro forma weighted average number of
common and common equivalent shares
Preferred stock.................... 3,236 1,946 3,192
Common stock....................... 6,928 10,724 5,856
Common stock options .............. 1,634 1,454 2,623
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11,798 14,124 11,671
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