EXHIBIT 11.1
COMPUTATION OF EARNINGS PER SHARE
(AMOUNTS IN THOUSANDS EXCEPT PER SHARE DATA)
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996* 1997 1996*
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Weighted average shares outstanding:
Common stock 16,839 16,234 16,701 16,149
Common stock equivalents 1,186 1,623 -- 1,502
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Weighted average common shares and
equivalents 18,025 17,857 16,701 17,651
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Net income (loss) $720 $2,990 ($1,398) $5,734
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Net income (loss) per share (1) $0.04 $0.17 ($0.08) $0.32
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* 1996 has been restated to reflect the February 1997 merger of the
Company and SpeedSim, Inc., which was accounted for as a pooling
of interests.
(1) There is no difference between primary and fully diluted net income per
share.
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