EIS International, Inc. and Subsidiaries Exhibit 11
Statement Re Computation of Earnings (Loss) Per Share
(in thousands, except for per share amounts)
Year Ended December 31,
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1994 1995 1996
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Net income (loss):
Income (loss) from continuing operations $ 7,602 $11,357 $(33,028)
Net loss from discontinued operations (544) (2,137) (5,528)
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Net income (loss) $ 7,058 $ 9,220 $(38,556)
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Net earnings (loss) per share:
Weighted average common and common equivalent shares:
Common shares outstanding 8,240,532 9,707,032 10,681,217
Dilutive effect of stock options and warrants,
primary computation 629,147 754,763 0(a)
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Weighted average common and common
equivalent shares utilized in the primary
earnings (loss) per share computation 8,869,679 10,461,795 10,681,217
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Additional dilutive effect of stock options and
warrants, fully diluted computation 255,509 0 --
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Weighted average common and common
equivalent shares utilized in the fully
diluted earnings (loss) per share computation 9,125,188 10,461,795 --
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Primary earnings (loss) per share:
Continuing operations $0.86 $1.09 $(3.09)
Discontinued operations $(.06) $(.21) $(0.52)
Primary earnings (loss) per share $0.80 $0.88 $(3.61)
Fully diluted earnings (loss) per share:
Continuing operations $0.83 $1.09 $--
Discontinued operations $(.06) $(.21) $--
Fully diluted earnings (loss) per share $0.77 $0.88 $--
(a) For 1996, Common Stock equivalents and other dilutive securities were not
included as they were antidilutive on loss per share.