NETWORK COMPUTING DEVICES, INC.
Exhibit 11.1
Statement Regarding Computation of Shares
Used in Earnings per Share Computations
(in thousands, except per share amounts)
Three Months Ended March 31,
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1996 1995
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Primary:
Weighted average common shares
outstanding during the period 16,260 15,659
Common share equivalents:
Dilutive effect of stock options -- 916
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Total 16,260 16,575
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Net income (loss) $ (260) $ 304
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Primary income (loss) per share $ (0.02) $ 0.02
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Fully Diluted:
Weighted average common shares
outstanding during the period 16,260 15,659
Common share equivalents:
Dilutive effect of stock options, including
contingently issuable performance shares -- 1,420
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Total 16,260 17,079
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Net income (loss) $ (260) $ (1,002)
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Fully diluted income (loss) per share $ (0.02) $ (0.06)
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Note: The difference between net income used for primary and fully diluted
earnings per share calculations for the three-month period ended March
31, 1995, is a result of the assumption that all financial performance
objectives have been achieved, the maximum number of the remaining
Performance Shares have been issued, and the maximum amount of
remaining cash contingently payable has been paid, with a significant
portion of the cash and the value of the Performance Shares allocated
to in-process research and development and charged to operations.