Exhibit No. 11
CNS, INC.
COMPUTATION OF NET INCOME PER SHARE OF COMMON STOCK
Three months ended March 31,
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1996 1995
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NET INCOME
Income from continuing operations $ 3,100,937 $ 2,253,166
Loss from discontinued operations 0 (450,404)
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Net income $ 3,100,937 $ 1,802,762
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PRIMARY EARNINGS PER SHARE:
Average number of common and common equivalent
shares outstanding:
Average common shares outstanding 17,446,000 17,057,000
Incentive stock options 709,000 461,000
Non qualified stock options 399,000 257,000
Warrants 75,000 147,000
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18,629,000 17,922,000
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Earnings per share from continuing operations $ .17 $ .13
Loss per share from discontinued operations .00 (.03)
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Primary earnings per share $ .17 $ .10
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FULLY DILUTED EARNINGS PER SHARE
Average number of common and common
equivalent shares outstanding:
Average common shares outstanding 17,446,000 17,057,000
Incentive stock options 756,000 595,000
Non qualified stock options 426,000 328,000
Warrants 78,000 194,000
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18,706,000 18,174,000
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Earnings per share from continuing operations $ .17 $ .12
Loss per share from discontinued operations .00 (.02)
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Fully diluted earnings per share $ .17 $ .10
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