EXHIBIT 11
DETAIL COMPUTATION OF EARNINGS PER SHARE
Digi International
Exhibit 11
Detail Computation of Earnings Per Share
Years Ended September 30:
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1994 1995 1996
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PER SHARE DATA
Net income $16,701,092 $19,331,093 $ 9,300,220
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Net income per common
and common equivalent share:
Primary $1.15 $1.38 $0.69
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Fully diluted $1.15 $1.38 $0.67
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WEIGHTED AVERAGE NUMBER OF COMMON
AND COMMON EQUIVALENT SHARES
Primary:
Weighted average of common
shares outstanding 14,262,206 13,656,150 13,323,564
Dilutive stock options, using
treasury stock method 248,363 400,959 199,341
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14,510,569 14,057,109 13,522,905
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Fully diluted:
Weighted average of common
shares outstanding 14,262,206 13,656,150 13,323,564
Dilutive stock options, using
treasury stock method 245,690 611,033 557,583
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14,507,896 14,267,183 13,881,147
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NOTE: The calculation of fully diluted earnings per share is submitted in
compliance with Regulation S-K Item 601(b)(11) although not required by
footnote 2 to paragraph 14 of APB Opinion No. 15 because it results in
less than 3% dilution.
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