EXHIBIT 11
14
EXHIBIT 11
ACTIVE VOICE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
Three months ended June 30,
---------------------------
1996 1995
----------- -----------
PRIMARY
Average shares outstanding 4,562,732 4,480,847
Net effect of dilutive stock options based on the
treasury stock method using average market price 65,382 148,450
----------- -----------
Total 4,628,114 4,629,297
----------- -----------
----------- -----------
Net income $771,240 $1,428,153
----------- -----------
----------- -----------
Per share amount $0.17 $0.31
----------- -----------
----------- -----------
FULLY DILUTED
Average shares outstanding 4,562,732 4,480,847
Net effect of dilutive stock options based on the
treasury stock method using the period end
market price, if higher than average market price 65,428 151,753
----------- -----------
Total 4,628,160 4,632,600
----------- -----------
----------- -----------
Net income $771,240 $1,428,153
----------- -----------
----------- -----------
Per share amount $0.17 $0.31
----------- -----------
----------- -----------