1
PART II - EXHIBITS
================================================================================
EXHIBIT 11.01
HNC SOFTWARE INC.
STATEMENT REGARDING
COMPUTATION OF PRO FORMA PER SHARE EARNINGS
(in thousands, except per share data)
THREE MONTHS ENDED MARCH 31,
1996 1995
----------- -------
NET INCOME $ 813 $ 373
=========== =======
SHARES(1)
Weighted average common shares outstanding 14,970 1,976
Weighted average common stock options 1,777 1,734
and warrants as determined by application
of the treasury stock method (2)
Weighted average preferred shares outstanding
assuming conversion to common stock -- 8,956
=========== =======
Weighted average common and
common equivalent shares outstanding 16,747 --
=========== =======
Pro forma weighted average common and
common equivalent shares outstanding -- 12,666
=========== =======
NET INCOME PER SHARE OF COMMON STOCK $ 0.05 $ --
=========== =======
PRO FORMA NET INCOME PER SHARE OF COMMON STOCK $ -- $ 0.03
=========== =======
-----------------
(1) All share and per share amounts have been adjusted to give
retroactive effect to the stock split.
(2) Includes an adjustment for options pursuant to SAB No. 83 using the
treasury stock method at the initial public offering price of $14.00
per share for 1995 shares.
10