Exhibit 11.1
STB SYSTEMS, INC. and SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON and COMMON EQUIVALENT SHARE
(UNAUDITED)
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
THREE MONTHS ENDED SIX MONTHS ENDED
APRIL 30, APRIL 30,
1997 1996 1997 1996
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Net income $ 2,418 $ 1,351 $ 4,670 $ 2,566
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PRIMARY:
Weighted average number of shares outstanding 4,554,885 4,500,000 4,534,533 4,500,000
Additional weighted average shares from assumed exercise of dilutive
stock options, net of shares assumed to be repurchased with exercise proceeds 361,669 114 322,093 45
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Net income per share $ 0.49 $ 0.30 $ 0.96 $ 0.57
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FULLY DILUTIVE
Weighted average number of shares outstanding
Additional weighted average shares from assumed exercise of dilutive 4,554,885 4,500,000 4,534,533 4,500,000
stock options, net of shares assumed to be repurchased with exercise proceeds
Net income per share 361,669 236 322,093 167
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$ 0.49 $ 0.30 $ 0.96 $ 0.57
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