COMPUTER TELEPHONE CORP.
STATEMENTS REGARDING COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT FOR PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED
December 31, December 31, December 31, December 30,
1995 1994 1995 1994
------------- ------------- ------------- -------------
PRIMARY
Average shares outstanding 1,191 2,100 1,088 1,267
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 9,482 7,521 9,400 7,509
----------- ----------- ----------- -----------
Total 10,673 9,621 10,488 8,776
Net income $ 1,175 $ 467 $ 2,813 $ 936
----------- ----------- ----------- -----------
Net income per share $ 0.11 $ 0.05 $ 0.27 $ 0.11
----------- ----------- ----------- -----------
FULLY DILUTED
Average shares outstanding 1,187 2,430 1,130 1,430
Net effect of stock options, if dilutive
based on the treasury stock method
using the period-end market price 9,482 7,521 9,400 7,509
----------- ----------- ----------- -----------
Total 10,669 9,951 10,530 8,939
Net income $ 1,175 $ 467 $ 2,813 $ 936
----------- ----------- ----------- -----------
Net income per share $ 0.11 $ 0.05 $ 0.27 $ 0.10
----------- ----------- ----------- -----------
11
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the undersigned
thereunto duly authorized.
COMPUTER TELEPHONE CORP.
DATE: February 7, 1996 /S/ Robert J. Fabbricatore
----------------- --------------------------
Robert J. Fabbricatore
Chairman and Chief
Executive Officer
DATE: February 7, 1996 /S/ John D. Pittenger
----------------- ---------------------------
John D. Pittenger
Treasurer