EXHIBIT 11.1
IWERKS ENTERTAINMENT, INC.
Earnings Per Share
(in thousands, except per share amounts)
For the Three Months Ended For the Six Months Ended
December 31, December 31,
1998 1997 1998 1997
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Denominator for Basic Earnings
per Share - Weighted average
shares Outstanding 12,365 12,161 12,356 12,160
Effect of dilutive securities:
Options and warrants (a) (b) (c) (d)
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Denominator for Diluted
Earnings per Share 12,365 12,161 12,356 12,160
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Net Loss $ (821) $(3,500) $(1,811) $(4,006)
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Basic loss per share $ (0.07) $ (0.29) $ (0.15) $ (0.33)
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Diluted loss per share $ (0.07) $ (0.29) $ (0.15) $ (0.33)
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(a) Options and warrants to purchase 30,000 shares of common stock were not
included in the computation of diluted loss per common share as the effect
would be antidilutive
(b) Options and warrants to purchase 96,000 shares of common stock were not
included in the computation of diluted loss per common share as the effect
would be antidilutive
(c) Options and warrants to purchase 41,000 shares of common stock were not
included in the computation of diluted loss per common share as the effect
would be antidilutive
(d) Options and warrants to purchase 105,000 shares of common stock were not
included in the computation of diluted loss per common share as the effect
would be antidilutive
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