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EXHIBIT 11.1
REMEC, Inc.
COMPUTATION OF NET INCOME PER COMMON SHARE
(unaudited)
Three months ended Nine months ended
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Nov. 3, Oct. 22, Nov. 4, Oct. 22,
1996 1995 1996 1995
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Net income per common share:
Net income $1,375,792 $ 493,685 $3,215,385 $1,545,952
Weighted average shares outstanding:
Common stock 8,953,394 5,536,906 8,889,122 5,531,412
Effect of common stock equivalents 88,514 26,042 93,786 10,331
Adjustments to reflect requirements of the
Securities and Exchange Commission
(Effect of SAB 83) -- 44,000 -- 44,000
Effect of assumed conversion of preferred shares
from date of issuance -- 1,077,909 -- 1,077,909
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9,041,908 6,684,857 8,982,908 6,663,652
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Net income per common share $ 0.15 $ 0.07 $ 0.36 $ 0.23
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