EXHIBIT 11.1
EXHIBIT 11.1
INPUT/OUTPUT, INC.
COMPUTATION OF EARNINGS PER SHARE
May 31,
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1997 1996
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Weighted average number of common shares outstanding 43,181,486 39,631,464
Dilutive effect of stock options 638,109 1,493,822
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Weighted average number of common and common
equivalent shares outstanding 43,819,595 41,125,286
Net earnings $16,597,000 $38,677,000
Earnings per common share - primary $0.38 $0.94
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Weighted average number of common
shares outstanding 43,181,486 39,631,464
Dilutive effect of stock options 661,290 1,622,075
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Weighted average number of common and
common equivalent shares outstanding 43,842,776 41,253,539
Net earnings $16,597,000 $38,677,000
Earnings per common share - fully diluted $0.38 $0.94
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