Statement Regarding Computation of Per Share Earnings--Exhibit 11
Computer Telephone Corp.
(In Thousands Except Per Share Data)
Year ended March 31
1996 1995 1994
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Primary:
Average shares outstanding 9,446 7,830 7,437
Net effect of stock options, if dilutive,
based on the treasury stock method
using the average market price 1,266 935 347
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Total 10,712 8,765 7,784
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Net income $4,094 $1,472 $ 75
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Net income per share $ .38 $ .17 $ .01
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Fully diluted:
Average shares outstanding 9,446 7,830 7,437
Net effect of stock options, if dilutive,
based on the treasury stock method
using the year-end market price 1,282 1,531 498
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Total 10,728 9,361 7,935
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Net income $4,094 $1,472 $ 75
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Net income per share $ .38 $ .16 $ .01
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