1
TEKELEC
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED SIX MONTHS ENDED
PRIMARY JUNE 30, JUNE 30,
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(THOUSANDS, EXCEPT PER SHARE DATA)
1995 1994 1995 1994
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Net income . . . . . . . . . . . . . . . . . $ 2,050 $ 877 $ 3,518 $ 1,003
Assumed interest reduction, net of taxes(1) --- 4 --- 29
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Adjusted net income . . . . . . . . . . . . $ 2,050 $ 881 $ 3,518 $ 1,032
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Basis for computation of primary earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . . . 9,902 8,614 9,530 8,586
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) . . . . . . . . . . . . . . 1,595 450 1,623 338
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11,497 9,064 11,153 8,924
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Earnings per share . . . . . . . . . . . . . $ 0.18 $ 0.10 $ 0.32 $ 0.12
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(1) Treasury Stock Method, as modified by Apb15, paragraph 38
THREE MONTHS ENDED SIX MONTHS ENDED
FULLY DILUTED JUNE 30, JUNE 30,
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(THOUSANDS, EXCEPT PER SHARE DATA)
1995 1994 1995 1994
---- ---- ---- ----
Net income . . . . . . . . . . . . . . . $ 2,050 $ 877 $ 3,518 $1,003
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Basis for computation of fully diluted earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . 9,902 8,614 9,530 8,586
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 . . . . . . . . . . . . . . 1,718 452 1,781 394
------- ------ ------- ------
11,620 9,066 11,311 8,980
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Earnings per share . . . . . . . . . . . $ 0.18 $ 0.10 $ 0.31 $ 0.11
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TEKELEC
EXHIBIT 11.1