INTERLEAF, INC.
EXHIBIT 11-COMPUTATION OF EARNINGS PER SHARE
In thousands, except for per share amounts Three months ended Nine months ended
December 31 December 31
(unaudited) (unaudited)
1994 1993 1994 1993
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PRIMARY
Average shares outstanding of Common Stock 13,971 13,452 13,887 13,310
Net effect of Senior Series B Convertible - 2,506 - -
Preferred Stock, if dilutive
Net effect of stock options, if dilutive, based on - 412 - -
the treasury method using average market price
Net effect of stock purchase warrants, if
dilutive, based on the treasury method using
average
market price - 267 - -
Net effect of stock purchase plan rights, if
dilutive, based on the treasury method using
average - 18 - -
market price ------ ------ ------ ------
TOTAL 13,971 16,655 13,887 13,310
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Income (loss) before cumulative effect of
change in accounting principle $(5,781) $ 40 $(28,491) $(10,990)
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Per share amount $ (.41) $ .00 $ (2.05) $ (.82)
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Cumulative effect of change in accounting
principle $ - $ - $ - $ 1,900
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Per share amount $ - $ - $ - $ .14
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Net income (loss) $(5,781) $ 40 $(28,491) $(9,090)
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Per share amount $ (.41) $ .00 $ (2.05) $ (.68)
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FULLY DILUTED
Average shares outstanding of Common Stock 13,971 13,452 13,887 13,310
Net effect of Senior Series B Convertible - 2,506 - -
Preferred Stock, if dilutive
Net effect of stock options, if dilutive, based on - 428 - -
the treasury method using quarter-end price, if
higher
Net effect of stock purchase warrants, if - 290 - -
dilutive, based on the treasury method using
quarter-end price, if higher
Net effect of stock purchase plan rights, if - 21 - -
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dilutive, based on the treasury method using
quarter-end price, if higher
Total 13,971 16,697 13,887 13,310
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Income (loss) before cumulative effect of
change in accounting principle $ (5,781) $ 40 $(28,491) $(10,990)
------ ------ ------ -------
------ ------ ------ -------
Per share amount $ (.41) $ .00 $ (2.05) $ (.82)
------ ------ ------ ------
------ ------ ------ ------
Cumulative effect of change in accounting
principle $ - $ - $ - $ 1,900
------ ------ ------ -------
------ ------ ------ -------
Per share amount $ - $ - $ - $ .14
------ ------ ------ -------
------ ------ ------ -------
Net income (loss) $(5,781) $ 40 $(28,491) $(9,090)
------ ------ ------ ------
------ ------ ------ ------
Per share amount $ (.41) $ .00 $ (2.05) $ (.68)
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