1 COHERENT COMMUNICATIONS SYSTEMS CORPORATION EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE (AMOUNTS IN THOUSANDS EXCEPT PER SHARE DATA) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------------ ------------------------ 1996 1995 1996 1995 ------- ------- ------- ------- Net income $ 2,280 $ 1,816 $ 4,398 $ 3,461 ======= ======= ======= ======= Average common shares outstanding 14,928 14,584 14,887 14,429 Average common share equivalents: Options 550 965 579 965 ------- ------- ------- ------- Average number of common and common share equivalents outstanding 15,478 15,549 15,466 15,394 ======= ======= ======= ======= Net income per common share $ 0.15 $ 0.12 $ 0.28 $ 0.22 ======= ======= ======= ======= Average common shares outstanding for the quarter and six months ended June 30,1995 have been restated to reflect the effect of the stock split June 9,1995. Earning per share calculation for each period are based on the weighted average number of shares outstanding in each period. Therefore, the sum of the quarters do not necessarily equal the year to date earnings per share. 13