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. 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,
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2003 2002
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Shares outstanding at end of period 8,740,190 8,653,799
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Weighted average shares of common stock outstanding 8,726,760 8,646,243
Weighted average shares of assumed conversion shares 756,661 807,784
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Weighted average shares of common stock and assumed
conversion shares 9,483,421 9,454,027
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Net income $1,503,837 $1,134,205
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Basic net income per common share $ 0.17 $ 0.13
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Diluted net income per common share $ 0.16 $ 0.12
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