EXHIBIT 11.1
RIMAGE CORPORATION
COMPUTATION OF NET INCOME PER SHARE OF COMMON STOCK
Basic net income per common share is determined by dividing net income by the
weighted average number of shares of common stock outstanding, unless the result
is anti-dilutive. Diluted net income per common share is determined by dividing
net income by the weighted average number of shares of common stock and common
share equivalents outstanding, unless the result is anti-dilutive. The following
is a summary of the weighted average common shares outstanding and assumed
conversion shares:
Three months ended
March 31,
2000 1999
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Shares outstanding at beginning of period 7,962,358 7,899,338
Common stock issued in stock option/warrant exercise 197,837 229,837
Repurchases of common stock - (237,177)
Shares outstanding at end of period 8,259,113 7,891,998
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Weighted average shares of common stock outstanding 8,158,228 7,816,746
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Common stock equivalents 1,680,621 1,850,249
Weighted average shares of assumed conversion shares 1,455,929 1,466,554
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Weighted average shares of common stock and assumed
conversion shares 9,614,157 9,283,299
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Net income $2,154,107 $1,094,958
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Basic net income per common share $0.26 $0.14
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Diluted net income per common share and assumed
conversion shares $0.22 $0.12
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