Exhibit 11.1
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
RESPIRONICS, INC.
YEAR ENDED JUNE 30
1995 1994 1993
----------- ----------- -----------
PRIMARY
Average shares outstanding 16,492,113 16,271,710 16,176,088
Net effect of dilutive stock options--based on the treasury
stock method using average market price 1,040,309 1,008,970 1,142,518
----------- ----------- -----------
TOTAL 17,532,422 17,280,680 17,318,606
=========== =========== ===========
Net income $11,677,027 $ 4,741,244 $ 7,378,931
=========== =========== ===========
Per share amount:
Net income $0.67 $0.27 $0.43
=========== =========== ===========
FULLY DILUTED
Average shares outstanding 16,492,113 16,271,710 16,176,088
Net effect of dilutive stock options--based on the treasury
stock method using year end market price, if higher than
average market price 1,148,200 1,008,970 1,173,354
----------- ----------- -----------
TOTAL 17,640,313 17,280,680 17,349,442
=========== =========== ===========
Net income $11,677,027 $ 4,741,244 $ 7,378,931
=========== =========== ===========
Per share amount:
Net income $0.66 $0.27 $0.43
=========== =========== ==========