1
EXHIBIT 11.1
REMEC, INC.
COMPUTATION OF EARNINGS PER SHARE
YEAR ENDED JANUARY 31, THREE MONTHS ENDED
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1994 1995 1996 APRIL 30, 1995 MAY 5, 1996
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(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
Net income per share:
Net income................................. $1,918 $1,428 $1,481 $433 $679
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Weighted average shares outstanding:
Common stock............................... 4,389 4,401 4,408 4,403 7,759
Effect of common stock equivalents......... -- -- 18 68
Adjustments to reflect requirements of the
Securities and Exchange Commission
(Effect of SAB 83)...................... 44 44 44 44
Effect of assumed conversion of preferred
shares from date of issuance............ 1,078 1,078 1,078 1,078
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Shares used in per share calculation......... 5,511 5,523 5,548 5,525 7,827
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Net income per share......................... $.35 $.26 $.27 $.08 $.09
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MAGNUM MICROWAVE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
YEARS ENDED
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APRIL 1, 1994 MARCH 31, 1995 MARCH 29, 1996
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(IN THOUSANDS, EXCEPT PER SHARE DATA)
Net income....................................... $1,627 $1,104 $676
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Weighted average shares outstanding:
Weighted average common shares outstanding....... 28,370 24,246 23,178
Common equivalent shares from dilutive common
stock options.................................. 181 116 60
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Shares used in per share calculation............. 28,551 24,362 23,238
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Net income per share............................. $.06 $.05 $.03
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