1
SPECTRAN CORPORATION
EXHIBIT 11.1
SpecTran Corporation
Net Income (Loss) per Share Calculation
(Dollars in thousands except per share amounts)
The following is a calculation of net income (loss) per share for the years
ended December 31, 1996, 1995 and 1994.
Years Ended December 31,
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Calculation of Primary Net Income (Loss) per Share 1996 1995 1994
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Average common shares outstanding 5,374,442 5,298,388 5,202,604
Shares assumed to be repurchased under treasury stock
method for stock options and stock purchase warrants 551,423 283,961 --
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Total Shares 5,925,865 5,582,349 5,202,604
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Net Income (loss) $ 3,655 $ 542 $ (487)
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Per Share Amount $ .62 $ .10 $ (.09)
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Years Ended December 31,
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Calculation of Fully Diluted Net Income (Loss) per Share 1996 1995 1994
- -------------------------------------------------------- ----------- ----------- -----------
Average common shares outstanding 5,374,442 5,298,388 5,202,604
Shares assumed to be repurchased under treasury stock
method for stock options and stock purchase warrants
587,934 284,364 --
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Total Shares 5,962,376 5,582,752 5,202,604
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Net Income (loss) $ 3,655 $ 542 $ (487)
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Per Share Amount $ .61 $ .10 $ (.09)
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