EXHIBIT 11.1
NETWORK COMPUTING DEVICES, INC.
Statement Regarding Computation of Shares
Used in Loss per Share Computations
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Three Months Ended Nine Months Ended
September 30, September 30,
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1995 1994 1995 1994
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Primary:
Weighted average common shares
outstanding during the period 15,851 15,638 15,783 16,082
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Net loss ($4,719) ($2,255) ($4,330) ($11,283)
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Primary loss per share ($0.30) ($0.14) ($0.27) ($0.70)
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Fully Diluted:
Weighted average common shares
outstanding during the period 15,851 15,628 15,783 16,016
Common share equivalents:
Weighted average common shares
contingently issuable - 142 - 120
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Total 15,851 15,770 15,783 16,136
Net loss, adjusted for
fully diluted calculations ($4,719) ($3,537) ($4,328) ($12,430)
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Fully diluted loss per share ($0.30) ($0.22) ($0.27) ($0.77)
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Note: The difference between net income used for primary and fully diluted
earnings per share calculations for the three- and nine-month periods
ended September 30, 1994, is a result of the assumption that all
financial performance objectives have been achieved, the maximum
number of the remaining Performance Shares have been issued, and the
maximum amount of remaining cash contingently payable has been paid,
with a significant portion of the cash and the value of the
Performance Shares allocated to in-process research and development
and charged to operations. There are no differences between primary
and fully diluted computations of net income for the periods
presented for 1995.
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