EXHIBIT 11.1
BIO-VASCULAR, INC.
COMPUTATION OF INCOME (LOSS) PER SHARE
(In thousands, except share data)
Three Months Ended Six Months Ended
April 30, April 30,
(unaudited) (unaudited)
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1997 1996 1997 1996
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Net income (loss) data:
Income from continuing operations........................................ $ 97 $ 263 $ 222 $ 787
Income from discontinued operations...................................... (920) (287) (920) (606)
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Net income............................................................... $ (823) $ (24) $ (698) $ 181
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Net income (loss) per common and common equivalent share, primary:
Continuing operations.................................................... $ .01 $ .03 $ .02 $ .08
Discontinued operations.................................................. (.10) (.03) (.10) (.06)
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Net income............................................................... $ (.09) $ .00 $ (.07) $ .02
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Net income (loss) per common and common equivalent share, fully diluted:
Continuing operations.................................................... $ .01 $ .03 $ .02 $ .08
Discontinued operations.................................................. (.10) (.03) (.10) (.06)
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Net income............................................................... $ (.09) $ .00 $ (.07) $ .02
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WEIGHTED AVERAGE NUMBER OF COMMON AND COMMON EQUIVALENT SHARES
Primary:
Weighted average number of common shares outstanding..................... 9,511,389 9,438,617 9,501,050 9,383,526
Common equivalent shares:
Dilutive stock options and warrants, using Treasury Stock Method....... -- -- -- 515,321
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9,511,389 9,438,617 9,501,050 9,898,847
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Fully diluted:
Weighted average number of common shares outstanding..................... 9,511,389 9,438,617 9,501,050 9,383,526
Common equivalent shares:
Dilutive stock options and warrants, using Treasury Stock Method....... -- -- -- 519,473
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9,511,389 9,438,617 9,501,050 9,902,999
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