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EXHIBIT 11.01
Interpore International, Inc.
Computations of Net Income Per Share
(in thousands, except per share data)
(unaudited)
Three months ended Nine months ended
September 30, September 30,
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1998 1997 1998 1997
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Net income (loss) from continuing operations $ 166 $ 534 $(3,212) $ 722
Net income from discontinued operations - - - 2,597
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Net income (loss) $ 166 $ 534 $(3,212) $ 3,319
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Shares used in computing net income
per share - basic:
Weighted average common shares outstanding 13,989 13,476 13,898 13,365
Effect of dilutive securities:
Weighted average convertible preferred stock 33 76 * 77
Common share equivalents outstanding 279 590 * 513
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Shares used in computing net income
per share - diluted 14,301 14,142 13,898 13,955
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Basic earnings per share:
Net income (loss) from continuing operations $ .01 $ .04 $ (.23) $ .05
Net income from discontinued operations $ .00 $ .00 $ .00 $ .20
Net income (loss) $ .01 $ .04 $ (.23) $ .25
Diluted earnings per share:
Net income (loss) from continuing operations $ .01 $ .04 $ (.23) $ .05
Net income from discontinued operations $ .00 $ .00 $ .00 $ .19
Net income (loss) $ .01 $ .04 $ (.23) $ .24
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* 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.