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. A total of 7,877 and 11,980
assumed conversion shares for the three- and six-month periods ended June 30,
2003, respectively and 80,194 and 77,842 assumed conversion shares for the
three- and six-month periods ended June 30, 2002, respectively, were excluded
from the net loss per share computation as their effect is anti-dilutive. The
following is a summary of the weighted average common shares outstanding and
assumed conversion shares:
Three months ended Six months ended
June 30, June 30,
----------------------- -----------------------
2003 2002 2003 2002
---------- ---------- ---------- ----------
Shares outstanding at end of period 9,017,785 8,711,295 9,017,785 8,711,295
========== ========== ========== ==========
Weighted average shares of common stock
outstanding 8,757,138 8,705,099 8,742,033 8,690,880
Weighted average shares of assumed
conversion shares 887,361 791,006 813,840 796,744
---------- ---------- ---------- ----------
Weighted average shares of common stock and
assumed conversion shares 9,644,499 9,496,105 9,555,873 9,487,623
========== ========== ========== ==========
Net income $1,717,389 $1,800,823 $3,221,226 $2,935,028
========== ========== ========== ==========
Basic net income per common share $ 0.20 $ 0.21 $ 0.37 $ 0.34
========== ========== ========== ==========
Diluted net income per common share $ 0.18 $ 0.19 $ 0.34 $ 0.31
========== ========== ========== ==========
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