Exhibit
11.1
ACRES GAMING INCORPORATED
COMPUTATION OF EARNINGS PER SHARE
For Three Months Ended For Six Months Ended
December 31, December 31,
1996 1995 1996 1995
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Net Income (Loss) $1,366,000 $(861,000) $2,855,000 ($1,578,000)
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Weighted Average Number of Shares of
Common Stock and Common Stock
Equivalents Outstanding:
Weighted average number of
common shares outstanding 8,482,000 7,629,000 7,991,000 7,688,000
Dilutive effect of warrants and
employee stock options after
application of the treasury stock
method 735,000 * 812,000 *
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Total shares used in per share
computation 9,217,000 7,629,000 8,803,000 7,688,000
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Net Income (Loss) Per Share $0.15 $(0.11) $0.32 ($0.21)
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* Effect of common stock equivalents is anti-dilutive and therefore not
included.