EXHIBIT 11.1
EXHIBIT 11.1
INPUT/OUTPUT, INC.
COMPUTATION OF EARNINGS PER SHARE
May 31,
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1996 1995
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Weighted average number of common shares outstanding 39,631,464 36,042,560
Dilutive effect of stock options 1,493,822 1,338,898
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Weighted average number of common and common equivalent shares outstanding 41,125,286 37,381,458
Net earnings $38,677,000 $24,500,000
Earnings per common share - primary $ 0.94 $ 0.66
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Weighted average number of common shares outstanding 39,631,464 36,042,560
Dilutive effect of stock options 1,622,075 1,353,446
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Weighted average number of common and common equivalent shares outstanding 41,253,539 37,396,006
Net earnings $38,677,000 $24,500,000
Earnings per common share - fully diluted $ 0.94 $ 0.66
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