1 Exhibit 11.01 Interpore International, Inc. Computations of Net Income Per Share (in thousands, except per share data) (unaudited) Three months ended Six months ended June 30, June 30, ------------------------- ------------------------- 1998 1997 1998 1997 ---------- ---------- ---------- ---------- Net income (loss) from continuing operations $ (4,321) $ 106 $ (3,378) $ 188 Net income (loss) from discontinued operations -- (94) -- 2,597 ---------- ---------- ---------- ---------- Net income (loss) $ (4,321) $ 12 $ (3,378) $ 2,785 ========== ========== ========== ========== Shares used in computing net income per share basic: Weighted average common shares outstanding 13,894 13,354 13,853 13,307 Effect of dilutive securities: Weighted average convertible preferred stock * 77 * 77 Common share equivalents outstanding * 456 * 498 ---------- ---------- ---------- ---------- Shares used in computing net income per share - diluted 13,894 13,887 13,853 13,882 ========== ========== ========== ========== Basic earnings per share: Net income (loss) from continuing operations $ (.31) $ .01 $ (.24) $ .01 Net income (loss) from discontinued operations $ .00 $ (.01) $ .00 $ .20 Net income (loss) $ (.31) $ .00 $ (.24) $ .21 Diluted earnings per share: Net income (loss) from continuing operations $ (.31) $ .01 $ (.24) $ .01 Net income (loss) from discontinued operations $ .00 $ (.01) $ .00 $ .19 Net income (loss) $ (.31) $ .00 $ (.24) $ .20 - -------------------- * Effect of dilutive securities would have been anti-dilutive; accordingly, the amounts are excluded from shares used in computing diluted earnings per share. Shares issuable from the convertible subordinated debentures were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. 21