1
ASPECT TELECOMMUNICATIONS CORPORATION
EXHIBIT 11.1:
Statement re: Computation of Earnings Per Share
(in thousands, except per share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
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1997 1996 1997 1996
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Primary:
Weighted average common shares
outstanding during the period 49,434 42,883 49,131 42,674
Common share equivalents:
Dilutive effect of stock options 2,799 3,705 3,090 3,758
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Total 52,233 46,588 52,221 46,432
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Net income $ 7,009 $ 9,690 $30,811 $27,189
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Primary earnings per share $ 0.13 $ 0.21 $ 0.59 $ 0.59
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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 Nine Months Ended
September 30, September 30,
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1997 1996 1997 1996
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Fully Diluted:
Weighted average common shares
outstanding during the period 49,434 42,883 49,131 42,674
Common share equivalents:
Dilutive effect of stock options 3,018 4,304 3,120 4,359
Weighted average shares issuable
upon assumed conversion of debt - 5,659 - 5,659
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Total 52,452 52,846 52,251 52,692
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Net income $ 7,009 $ 9,690 $30,811 $27,189
Interest expense during the period on
convertible subordinated debentures,
net of tax - 461 - 1,383
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Net income adjusted for
fully diluted calculations $ 7,009 $10,151 $30,811 $28,572
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Fully diluted earnings per share $ 0.13 $ 0.19 $ 0.59 $ 0.54
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