SPINE-TECH, INC.
EXHIBIT 11---STATEMENT RE: COMPUTATION OF INCOME (LOSS) PER SHARE
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996 1997 1996
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PRIMARY INCOME (LOSS) PER SHARE:
Weighted average shares outstanding 10,091,531 9,824,959 10,051,533 9,765,828
Net effect of dilutive stock options --
based on the treasury stock method 1,649,252 -- 1,594,973 --
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11,740,783 9,824,959 11,646,506 9,765,828
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Net income (loss) $ 2,949,818 $ (585,457) $ 4,139,315 $ (940,461)
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Primary income (loss) per share $ 0.25 $ (0.06) $ 0.35 $ (0.10)
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FULLY DILUTED INCOME (LOSS) PER SHARE:
Weighted average shares outstanding 10,091,531 9,824,959 10,051,533 9,765,828
Net effect of dilutive stock options --
based on the treasury stock method 1,603,075 -- 1,603,075 --
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11,694,606 9,824,959 11,654,608 9,765,828
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Net income (loss) $ 2,949,818 $ (585,457) $ 4,139,315 $ (940,461)
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Fully diluted income (loss) per share $ 0.25 $ (0.06) $ 0.35 $ (0.10)
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