Cerprobe Corporation
Computation of Per Share Earnings
Exhibit 11
(Unaudited)
(in thousands, except EPS data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1996 1995 1996 1995
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Common shares outstanding beginning of period 4,420 4,010 4,096 3,223
Effect of Weighting Shares:
New shares issued 0 0 0 508
Exercised employee stock options 88 156 185 150
Outstanding employee stock options 173 239 113 142
Converted convertible preferred stock 97 0 32 0
Converted convertible subordinated debentures 0 0 78 0
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Primary 4,778 4,405 4,504 4,023
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Common shares outstanding beginning of period 4,420 4,010 4,096 3,223
Effect of Weighting Shares:
New shares issued 0 0 0 508
Exercised employee stock options 88 156 185 150
Outstanding employee stock options 174 232 118 232
Converted convertible preferred stock 97 0 32 0
Outstanding convertible preferred stock 519 0 622 0
Outstanding convertible subordinated debentures 485 595 517 595
Converted convertible subordinated debentures 0 0 78 0
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Fully diluted 5,783 4,993 5,648 4,708
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Net income $ 663 $ 512 $2,531 $1,692
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Net income per common and common
common equivalent shares:
Net income per share
Primary 0.14 0.12 0.56 0.42
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Fully diluted 0.11 0.10 0.45 0.36
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