INTERLEAF, INC.
EXHIBIT 11-COMPUTATION OF EARNINGS PER SHARE
Three months ended Nine months ended
December 31 December 31
1995 1994 1995 1994
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In thousands, except for per share amounts (unaudited) (unaudited)
PRIMARY
Weighted average shares outstanding of Common Stock 16,102 13,971 15,186 13,887
Dilutive Senior Series B Convertible Preferred Stock 1,467 - 1,929 -
Dilutive stock options 1,121 - 1,094 -
Dilutive stock purchase warrants 109 - 130 -
Dilutive stock purchase plan rights 75 - 43 -
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TOTAL 18,874 13,971 18,382 13,887
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Net income (loss) $ 429 $ (5,781) $ 1,823 $(28,491)
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Net income (loss) per share $ .02 $ (.41) $ .10 $ (2.05)
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FULLY DILUTED
Weighted average shares outstanding of Common Stock 16,102 13,971 15,186 13,887
Dilutive Senior Series B Convertible Preferred Stock 1,467 - 1,929 -
Dilutive stock options 1,121 - 1,293 -
Dilutive stock purchase warrants 129 - 249 -
Dilutive stock purchase plan rights 75 - 45 -
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TOTAL 18,894 13,971 18,702 13,887
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Net Income (Loss) $ 429 $ (5,781) $ 1,823 $(28,491)
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Net Income (Loss) per share $ .02 $ (.41) $ .10 $ (2.05)
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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.