ADOBE SYSTEMS INCORPORATED
EXHIBIT 11
COMPUTATION OF EARNINGS PER COMMON SHARE
(iN THOUSANDS, EXCEPT PER SHARE DATA)
QUARTER ENDED NINE MONTHS ENDED
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AUGUST 30 SEPTEMBER 1 AUGUST 30 SEPTEMBER 1
1996 1995 1996 1995
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Net income $ 29,847 $ 33,886 $ 85,519 $ 105,275
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Primary shares outstanding:
Weighted average shares
outstanding during the
period 72,222 72,126 72,882 71,116
Common stock equivalent
shares 2,087 4,199 2,565 3,729
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74,309 76,325 75,447 74,845
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Fully diluted shares outstanding:
Weighted average shares
outstanding during the
period 72,222 72,126 72,882 71,116
Common stock equivalent
shares 2,171 4,200 2,603 3,944
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74,393 76,326 75,485 75,060
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Primary net income per
common stock and
common stock equivalent
share $ .40 $ .44 $ 1.13 $ 1.41
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Fully diluted net income per
common stock and common
stock equivalent share $ .40 $ .44 $ 1.13 $ 1.40
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