1
EXHIBIT 11.1
TEKELEC
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED NINE MONTHS ENDED
PRIMARY SEPTEMBER 30, SEPTEMBER 30,
-------------------- -----------------
(thousands, except per share data)
1996 1995 1996 1995
---- ---- ---- ----
Net income (loss) . . . . . . . . . . . $ 275 $ 2,560 $(5,105) $ 6,078
======= ======= ======= =======
Basis for computation of primary earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . 11,844 11,457 11,733 10,180
Weighted average (incremental) common
share equivalent after considering the
effects of options exercised and canceled
during the period and after assumed
repurchase of treasury shares--treasury
stock method . . . . . . . . . . . . . . 792 1,596 --- 1,619
------- ------- ------- -------
12,636 13,053 11,733 11,799
======= ======= ======= =======
Earnings (Loss) per share . . . . . . . $ 0.02 $ 0.20 $ (0.44) $ 0.52
======= ======= ======= =======
THREE MONTHS ENDED NINE MONTHS ENDED
FULLY DILUTED SEPTEMBER 30, SEPTEMBER 30,
-------------------- -----------------
(thousands, except per share data)
1996 1995 1996 1995
---- ---- ---- ----
Net income (loss) . . . . . . . . . . . $ 275 $ 2,560 $(5,105) $ 6,078
======= ======== ======= =======
Basis for computation of fully diluted earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . 11,844 11,457 11,733 10,180
Weighted average (incremental) common
share equivalent after considering the
effects of options exercised and canceled
during the period and after assumed
repurchase of treasury shares -- treasury
stock method . . . . . . . . . . . . . . 1,002 1,597 --- 1,675
------- -------- ------- -------
12,846 13,054 11,733 11,855
======= ======== ======= =======
Earnings (Loss) per share . . . . . . . $ 0.02 $ 0.20 $ (0.44) $ 0.51
======= ======== ======== =======
TEKELEC