[MULTIPLIER] 1,000
Part II. Other information, Item 6a.
Exhibit 11.1
EXHIBIT 11.1
HMT TECHNOLOGY CORPORATION
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(in thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
December 31, December 31,
------------------- -------------------
1997 1996 1997 1996
--------- --------- --------- ---------
Basic:
Weighted average shares outstanding
for the period ...................... 42,768 40,673 41,912 40,346
--------- --------- --------- ---------
Shares used in computing per
share amounts ....................... 42,768 44,229 41,912 44,150
========= ========= ========= =========
Net income available for common
stockholders ........................ $20,470 $13,074 $54,903 $45,574
========= ========= ========= =========
Net income available for common
stockholders per share .............. $0.48 $0.30 $1.31 $1.03
========= ========= ========= =========
Diluted:
Weighted average shares outstanding
for the period ...................... 42,768 40,673 41,912 40,346
Net effect of dilutive stock options
based on the treasury stock method
using average market price .......... 2,647 3,556 2,885 3,804
Assumed conversion of 5 3/4%
convertible subordinated notes ...... 9,684 -- 9,684 --
--------- --------- --------- ---------
Shares used in computing per share
amounts ............................. 55,099 44,229 54,481 44,150
========= ========= ========= =========
Net income available for common
stockholders ........................ 20,470 13,074 54,903 45,574
Add 5 3/4% convertible subordinated
note interest, net of interest
capitalized and income tax effect ... 1,841 -- 4,717 --
--------- --------- --------- ---------
Net income available for common
stockholders ........................ $22,311 $13,074 $59,620 $45,574
========= ========= ========= =========
Net income available for common
stockholders per share .............. $0.40 $0.30 $1.09 $1.03
========= ========= ========= =========