EXHIBIT 11
OPTICAL DATA SYSTEMS, INC.
COMPUTATIONS OF PER SHARE EARNINGS
(In thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
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1996 1995 1996 1995
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PRIMARY
Common shares outstanding
at Beginning of period 16,221 15,981 16,150 15,840
Net effect of dilutive stock
options and warrants based
on the treasury stock
method using
average market price 659 857 724 964
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Weighted average
shares outstanding 16,880 16,838 16,874 16,804
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Net income $ 3,637 $ 3,848 $ 7,131 $ 6,830
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Net income per share $ .22 $ .23 $ .42 $ .41
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FULLY DILUTED*
Common shares outstanding
at Beginning of period 16,221 15,981 16,150 15,840
Net effect of dilutive stock
options and warrants based
on the treasury stock method
using the year-end market
price, if higher than
average market price 659 900 724 1,046
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Weighted average
shares outstanding 16,880 16,881 16,874 16,886
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Net income $ 3,637 $ 3,848 $ 7,131 $ 6,830
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Net income per share $ .22 $ .23 $ .42 $ .40
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* Fully diluted earnings per share is not presented in the Consolidated
Statements of Income as the resulting dilution is less than 3% of primary
earnings per share.
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