INTERLEAF, INC.
EXHIBIT 11-COMPUTATION OF EARNINGS PER SHARE
Three months ended Six months ended
September 30 September 30
1995 1994 1995 1994
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In thousands, except for per (unaudited) (unaudited)
share amounts
PRIMARY
Weighted average shares
outstanding of Common Stock 15,084 13,929 14,725 13,845
Dilutive Senior Series B
Convertible Preferred Stock 2,000 - 2,160 -
Dilutive stock options 1,286 - 1,081 -
Dilutive stock purchase warrants 203 - 141 -
Dilutive stock purchase plan rights 45 - 27 -
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TOTAL 18,618 13,929 18,134 13,845
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Net income (loss) $ 922 $(14,556) $ 1,394 $(22,709)
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Net income (loss) per share $ .05 $(1.05) $ .08 $ 1.64
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FULLY DILUTED
Weighted average shares
outstanding of Common Stock 15,084 13,929 14,725 13,845
Dilutive Senior Series B
Convertible Preferred Stock 2,000 - 2,160 -
Dilutive stock options 1,323 - 1,366 -
Dilutive stock purchase warrants 215 - 277 -
Dilutive stock purchase plan
rights 46 - 32 -
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TOTAL 18,668 13,929 18,560 13,845
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Net income (loss) $922 $(14,556) $1,394 $(22,709)
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Net income (loss) per share $ .05 $(1.05) $ .08 $(1.64)
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The dilutive effect of stock options, stock purchase warrants, and stock
purchase plan rights are calculated using the treasury stock method. Under
this method, these common stock equivalents are assumed to be exercised
and proceeds from the exercise are assumed to be used to repurchase common
stock at the average market price for primary income (loss) per share and
the higher of the end of the period or average market price for fully
diluted income (loss) per share. The dilutive effect of Convertible
Preferred Stock is calculated using the if-converted method.