1
Exhibit 11.1
UNIVERSAL ELECTRONICS INC.
COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
Three Months Ended
March 31,
------------------------------
1999 1998
---------- ----------
Common stock outstanding
beginning of period 6,397,002 6,312,199
---------- ----------
Weighted average common
stock outstanding from
exercise of stock options,
treasury stock purchases
and employee benefit plan 101,451 25,336
---------- ----------
Weighted average common
stock outstanding 6,498,453 6,337,535
========== ==========
Stock options 202,401 312,281
========== ==========
Weighted average common stock
and common stock
equivalents outstanding 6,700,854 6,649,816
========== ==========
Net income attributable to
common stockholders $ 448,763 $ 343,093
========== ==========
Net income per common stock
and common stock
equivalents:
Basic $ 0.07 $ 0.05
========== ==========
Diluted $ 0.07 $ 0.05
========== ==========