SPINE-TECH, INC.
EXHIBIT 11--STATEMENT RE: COMPUTATION OF INCOME (LOSS) PER SHARE
(unaudited)
Three Months Ended Three Months Ended
March 31, March 31,
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1997 1996 1997 1996
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PRIMARY INCOME (LOSS) PER SHARE:
Weighted average shares outstanding 10,011,095 9,706,697 10,011,095 9,706,697
Net effect of dilutive stock options --
based on the treasury stock method 1,316,959 -- 1,316,959 --
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11,328,054 9,706,697 11,328,054 9,706,697
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Net income (loss) $ 1,189,497 $ (355,004) $ 1,189,497 $ (355,004)
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Primary income (loss) per share $ 0.11 $ (0.04) $ 0.11 $ (0.04)
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FULLY DILUTED INCOME (LOSS) PER SHARE:
Weighted average shares outstanding 10,011,095 9,706,697 10,011,095 9,706,697
Net effect of dilutive stock options --
based on the treasury stock method 1,381,075 -- 1,381,075 --
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11,392,170 9,706,697 11,392,170 9,706,697
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Net income (loss) $ 1,189,497 $ (355,004) $ 1,189,497 $ (355,004)
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Income (loss) per share $ 0.10 $ (0.04) $ 0.10 $ (0.04)
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