EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
AMERILINK CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
FIFTY-TWO WEEKS ENDED
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APRIL 2, 1995 MARCH 31, 1996 MARCH 30, 1997
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PRIMARY: (1)
Average shares outstanding 3,156 3,479 3,479
Net effect of dilutive stock
options based on the treasury
stock method 195 147 110
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Total 3,351 3,626 3,589
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Net income (A) $ 1,492 $ 457 $ 1,568
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Net income per common share (A) $ 0.45 $ 0.13 $ 0.44
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FULLY DILUTED: (1) (2)
Average shares outstanding 3,156 3,479 3,479
Net effect of dilutive stock
options based on the treasury
stock method 195 155 112
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Total 3,351 3,634 3,591
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Net income (A) $ 1,492 $ 457 $ 1,568
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Net income per common share (A) $ 0.45 $ 0.13 $ 0.44
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(A) On a pro forma basis for the fifty-two weeks ended April 2, 1995
(1) See notes 1 and 7 to the consolidated financial statements.
(2) Fully dilutive effect of stock options on earnings per share for
fiscal 1995 is equal to the primary earnings per share amount since
the average market price of the common stock was higher than or equal
to the ending market price for the period. Fully dilutive effect of
stock options on per share amounts for fiscal 1996 and 1997 resulted
in a reduction of less than 3% in the aggregate. Accordingly, fully
diluted per share amounts were not presented in the Company's
consolidated statements of income.
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