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EXHIBIT 11.1
HARMONIC LIGHTWAVES, INC.
COMPUTATION OF NET INCOME PER SHARE
(IN THOUSANDS)
(UNAUDITED)
THREE MONTHS ENDED NINE MONTHS ENDED
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SEPTEMBER 26, SEPTEMBER 27, SEPTEMBER 26, SEPTEMBER 27,
1997 1996 1997 1996
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Net Income $ 413 $ 1,741 $ 4,349 $ 3,513
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Weighted average shares outstanding:
Common stock 10,384 10,150 10,321 10,072
Common stock issuable upon exercise
of options and warrants 1,204 1,427 1,252 1,355
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Weighted average common
shares and equivalents 11,588 11,577 11,573 11,427
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Net income per share (1) $ 0.04 $ 0.15 $ 0.38 $ 0.31
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(1) Computed in the manner described in Note 3 to Notes to Condensed
Consolidated Financial Statements.