EXHIBIT 11.1
NEWBRIDGE NETWORKS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(Accounting principles generally accepted in Canada)
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Fiscal quarter ended Three fiscal quarters ended
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Feb 1, Jan 26, Feb 1, Jan 26,
1998 1997 1998 1997
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Basic earnings (loss) per share
Net earnings (loss) $(144,283) $ 63,031 $(21,936) $186,613
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Common Shares outstanding
at the beginning of the period 175,305 170,741 171,859 168,676
Weighted average number of Common Shares
issued, net of Common Shares
repurchased, during the period 71 200 2,479 1,464
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Weighted average number of Common Shares
outstanding during the period 175,376 170,941 174,338 170,140
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Basic earnings (loss) per share (82)c 37c (13)c $ 1.10
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Fully diluted earnings (loss) per share
Earnings (loss) before imputed earnings $(144,283) $ 63,031 $(21,936) $186,613
After tax imputed earnings from the investment
of funds received through dilution -- 2,693 -- 8,241
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Adjusted net earnings (loss) $(144,283) $ 65,724 $(21,936) $194,854
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Weighted average number of Common Shares
outstanding during the period 175,376 170,941 174,338 170,140
Weighted average common share
equivalents based on conversion of
outstanding stock options -- 14,096 -- 13,500
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Weighted average number of Common
Shares and equivalents outstanding
during the period 175,376 185,037 174,338 183,640
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Fully diluted earnings (loss) per share (82)c 36c (13)c $ 1.06
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Earnings (loss) per share expressed in U.S. Dollars
Daily average exchange rate of a Canadian
dollar for U.S. dollars as reported by the
Federal Reserve Bank of New York $0.7006 $0.7406 $0.7071 $ 0.7346
Basic earnings (loss) per share, in U.S. dollars (58)c 27c (9)c 81c
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Fully diluted earnings (loss) per share, in U.S.
dollars (58)c 26c (9)c 78c
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