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)
1995 1994 1995 1994
---- ---- ---- ----
Net income . . . . . . . . . . . . . . . . . . $ 2,560 $ 1,357 $ 6,078 $ 2,360
Assumed interest reduction, net of taxes(1) . -- 13 -- 41
------- ------- ------- -------
Adjusted net income . . . . . . . . . . . . . $ 2,560 $ 1,370 $ 6,078 $ 2,401
======= ======= ======= =======
Basis for computation of primary earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . . . . 11,457 8,684 10,180 8,620
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) . . . . . . . . . . . . . . . 1,596 578 1,619 414
------- ------- ------- -------
13,053 9,262 11,799 9,034
======= ======= ======= =======
Earnings per share . . . . . . . . . . . . . . $ 0.20 $ 0.15 $ 0.52 $ 0.27
======= ======= ======= =======
- ----------------
(1) Treasury stock method, as modified by APB15, paragraph 38
THREE MONTHS ENDED NINE MONTHS ENDED
FULLY DILUTED SEPTEMBER 30, SEPTEMBER 30,
-------------------- -----------------
(thousands, except per share data)
1995 1994 1995 1994
---- ---- ---- ----
Net income . . . . . . . . . . . . . . . . . . $ 2,560 $ 1,357 $ 6,078 $ 2,360
======= ======= ======= =======
Basis for computation of fully diluted earnings
per common and common equivalent share:
Weighted average number of shares
outstanding during period . . . . . . . . . . 11,457 8,684 10,180 8,620
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 . . . . . . . . . . . . . . . . . 1,597 1,056 1,675 964
------- ------- ------- -------
13,054 9,740 11,855 9,584
======= ======= ======= =======
Earnings per share . . . . . . . . . . . . . . $ 0.20 $ 0.14 $ 0.51 $ 0.25
======= ======= ======= =======
TEKELEC EXHIBIT 11.1