Exhibit 11.1
NETWORK COMPUTING DEVICES, INC.
EXHIBIT 11.1:
Statement Regarding Computation of
Per Share Earnings
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Three Months Ended June 30, Six Months Ended June 30,
--------------------------- ----------------------------
1996 1995 1996 1995
--------------------------- ----------------------------
Primary:
Weighted average common shares
outstanding during the period 16,504 15,652 16,382 15,598
Dilutive effect of stock
options - 1,351 - 1,199
---------- ---------- ---------- ----------
16,504 17,003 16,382 16,797
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net income (loss) ($6,047) $85 ($6,307) $389
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Primary income (loss) per share ($0.37) $0.00 ($0.38) $0.02
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Fully Diluted:
Weighted average common shares
outstanding during the period 16,504 15,652 16,382 15,598
Common share equivalents:
Dilutive effect of stock options - 1,351 - 1,199
---------- ---------- ---------- ----------
Total 16,504 17,003 16,382 16,797
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Net income (loss), adjusted for
fully diluted calculations ($6,047) $85 ($6,307) $389
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------
Fully diluted income (loss)
per share ($0.37) $0.00 ($0.38) $0.02
---------- ---------- ---------- ----------
---------- ---------- ---------- ----------