EXHIBIT 11.1
BIO-VASCULAR, INC.
COMPUTATION OF INCOME (LOSS) PER SHARE
(In thousands, except share data)
Three Months Ended Nine Months Ended
July 31, July 31,
(unaudited) (unaudited)
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1997 1996 1997 1996
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Net income (loss) data:
Income from continuing operations.................... $ (491) $ 111 $ (270) $ 898
Loss from discontinued operations.................... -- (288) (920) (894)
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Net income (loss).................................... $ (491) $ (177) $ (1,190) $ 4
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Net income (loss) per common and common
equivalent share, primary:
Continuing operations................................ $ (.05) $ .01 $ (.03) $ (.09)
Discontinued operations.............................. -- (.03) (.10) (.09)
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Net income (loss).................................... $ (.05) $ (.02) $ (.13) $ --
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Net income (loss) per common and common
equivalent share, fully diluted:
Continuing operations................................ $ (.05) $ .01 $ (.03) $ .09
Discontinued operations.............................. -- (.03) (.10) (.09)
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Net income (loss).................................... $ (.05) $ (.02) $ (.13) $ --
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WEIGHTED AVERAGE NUMBER OF COMMON AND COMMON
EQUIVALENT SHARES
Primary:
Weighted average number of common shares
outstanding......................................... 9,544,748 9,439,783 9,511,990 9,386,040
Common equivalent shares:
Dilutive stock options and warrants, using
Treasury Stock Method............................. -- -- -- 473,869
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9,544,748 9,439,783 9,511,990 9,859,909
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Fully diluted:
Weighted average number of common shares
outstanding......................................... 9,544,748 9,439,783 9,511,990 9,386,040
Common equivalent shares:
Dilutive stock options and warrants, using
Treasury Stock Method............................. -- -- -- 483,529
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9,544,748 9,439,783 9,511,990 9,869,569
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