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EXHIBIT 11.1
HMT TECHNOLOGY CORPORATION
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE (1)
(In thousands, except per share data)
QUARTER ENDED SIX MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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1997 1996 1997 1996
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(Unaudited) (Unaudited)
Primary:
Weighted average shares outstanding
for the period .................................... 41,832 40,399 41,484 40,182
Net effect of dilutive stock options-based on the
treasury stock method using average market price... 2,964 3,806 2,975 3,928
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Shares used in computing per share amounts........... 44,796 44,205 44,459 44,110
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Net income available for common stockholders ........ $19,064 $16,605 $34,433 $32,500
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Net income available for common stockholders
per share ......................................... $ 0.43 $ 0.38 $ 0.77 $ 0.74
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Fully Diluted:
Weighted average shares outstanding for the period... 41,832 40,399 41,484 40,182
Net effect of dilutive stock options-based on the
treasury stock method using average market price... 3,021 3,806 3,004 3,928
Assumed conversion of 53/4% convertible subordinated
notes ............................................. 9,684 -- 9,684 --
Shares used in computing per share amounts .......... 54,538 44,205 54,172 44,110
Net income available for common stockholders ........ $19,064 $16,605 $34,433 $32,500
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Add 5 3/4% convertible subordinated note interest,
net of interest capitalized and income tax
effect ............................................ 1,541 -- 2,876 --
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Net income available for common stockholders ........ $20,705 $16,605 $37,309 $32,500
Net income available for common stockholders
per share ......................................... $ 0.38 $ 0.38 $ 0.69 $ 0.74
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