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EXHIBIT 11.1
JDA SOFTWARE GROUP, INC.
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
(in thousands, except per share amounts; unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
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1997 1996 1997 1996
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Net income $ 2,590 $ 1,559 $ 4,903 $ 2,986
Weighted average shares:
Common shares outstanding 13,040 12,183 13,024 11,682
Common equivalent shares (1) 41 0 46 0
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Total weighted average shares - primary 13,081 12,183 13,070 11,682
Incremental common equivalent shares (2) 114 0 57 0
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Total weighted average shares - fully diluted 13,195 12,183 13,127 11,682
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Primary net income per common and equivalent share $ .20 $ .13 $ .38 $ .26
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Fully diluted net income per common and equivalent share (3) $ .20 $ .13 $ .37 $ .26
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Notes:
1. Represents shares issuable upon exercise of outstanding stock options.
Shares were calculated using the treasury stock method and average market
values.
2. Represents incremental shares issuable upon exercise of outstanding stock
options. The additional shares were calculated using the higher of the end
of period or average market value.
3. This calculation is submitted in accordance with Regulation S-K Item
601(b)(11) although it is not required by footnote 2 to paragraph 14 of APB
Opinion No. 15 because it results in dilution of less than 3%.
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