EXHIBIT 11.1
NETWORK COMPUTING DEVICES, INC.
Statement Regarding Computation of Shares
Used in per Share Computations
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Years Ended December 31,
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1996 1995 1994
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Primary:
Weighted average common shares
outstanding during the period 16,579 15,832 15,908
Common share equivalents:
Dilutive effect of stock options -- -- --
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Total 16,579 15,832 15,908
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Net loss $(5,232) $(4,029) $(10,843)
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Primary loss per share $ (0.32) $ (0.25) $ (0.68)
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Fully Diluted:
Weighted average common shares
outstanding during the period 16,579 15,832 15,908
Common share equivalents:
Dilutive effect of stock options -- -- --
Contingently issuable performance shares -- -- 131
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Total 16,579 15,832 16,039
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Net loss for fully diluted computation $(5,232) $(4,029) $(12,407)
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Fully diluted loss per share $ (0.32) $ (0.25) $ (0.77)
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NOTE: The difference between net loss used for primary and fully diluted
earnings per share calculations for the year ended 1994 is a result
of the assumption that all financial performance objectives have
been achieved, the maximum number of Performance Shares have been
issued, and the maximum amount of 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.