EXHIBIT 11.1
STB SYSTEMS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
FOR THE YEARS ENDED OCTOBER 31, 1996 AND 1995
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(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
1996 1995
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PRO FORMA
Net income (loss) $ 6,077 $ 1,998
Pro forma adjustment to general and
administrative expenses 220
Pro forma adjustment to reflect interest on
Founding Shareholder Notes (52)
Pro forma adjustment to reflect federal
income taxes (483)
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Net income (loss), as adjusted $ 6,077 $ 1,683
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PRIMARY:
Weighted average number of shares outstanding 4,502,692 3,672,161
Additional weighted average shares to reflect
pro forma adjustment for distribution of
S Corp earnings 74,234
Additional weighted average shares from
assumed exercise of dilutive stock options,
net of shares assumed to be repurchased with
exercise proceeds 44,064 -
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Net income (loss) per share $ 1.34 $ 0.45
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FULLY DILUTIVE
Weighted average number of shares outstanding 4,502,692 3,672,161
Additional weighted average shares to reflect
pro forma adjustment for distribution of
S Corp earnings 74,234
Additional weighted average shares from assumed
exercise of dilutive stock options, net of
shares assumed to be repurchased with
exercise proceeds 202,921 -
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Net income (loss) per share $ 1.29 $ 0.45
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