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EXHIBIT 11.1
SYNON CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF
NET INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except for share and per share amounts)
Years ended Three months
December 31, ended March 31,
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1994 1995 1996 1996 1997
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(unaudited)
Net income (loss) $1,314 $714 $1,139 $(559) $61
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Weighted average common
shares outstanding 3,399,533 3,425,024 3,444,116 3,422,403 3,453,317
Weighted average
common equivalent
shares outstanding -
preferred shares 3,986,343 3,986,343 3,986,343 -- 3,986,343
Weighted average
common equivalent
shares outstanding -
common stock options 182,652 246,632 243,609 -- 582,753
Additional weighted average
shares of stock using
estimated initial
public offering price
under the treasury
stock method issued
one year prior to
initial filing of the
registration statement 203,820 203,820 203,820 203,820 203,820
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Total common and common
equivalent shares outstanding 7,772,348 7,861,819 7,877,888 3,626,223 8,226,233
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Net income per common and
common equivalent share $0.17 $0.09 $0.14 $(0.15) $0.01
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