EXHIBIT 11
ALPHAREL, INC.
STATEMENT RE COMPUTATION OF NET INCOME PER SHARE
(Unaudited)
(In thousands except per share data)
For the three months For the six months
ended June 30, ended June 30,
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1996 1995 1996 1995
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Net income per consolidated financial statements $ 875 $ 427 $ 1,552 $ 652
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Primary net income per share:
Weighted average common shares 18,404 13,913 17,696 13,827
Common stock equivalents:
Common stock options 608 155 684 239
Common stock warrants - - - -
Convertible preferred stock 175 - 88 -
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Weighted average shares outstanding 19,187 14,068 18,468 14,066
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Fully diluted net income per share:
Weighted average common shares 18,404 13,913 17,696 13,827
Common stock equivalents:
Common stock options 608 155 684 239
Common stock warrants - - - -
Convertible preferred stock 175 - 88 -
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Weighted average shares outstanding 19,187 14,068 18,468 14,066
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Net income per share:
Primary $ .05 $ .03 $ .08 $ .05
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Fully diluted $ .05 $ .03 $ .08 $ .05
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