[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
June 30,
-------------------
1998 1997
--------- ---------
Basic:
Weighted average shares outstanding
for the period ...................... 43,415 41,135
--------- ---------
Shares used in computing per
share amounts ....................... 43,415 41,135
========= =========
Net income available for common
stockholders ........................ 1,092 15,369
========= =========
Net income available for common
stockholders per share .............. $0.03 $0.37
========= =========
Diluted(1):
Weighted average shares outstanding
for the period ...................... 43,415 41,135
Net effect of dilutive stock options
based on the treasury stock method
using average market price .......... -- 2,989
Assumed conversion of 5 3/4%
convertible subordinated notes ...... -- 9,684
--------- ---------
Shares used in computing per share
amounts ............................. 43,415 53,808
========= =========
Net income available for common
stockholders ........................ 1,092 15,369
Add 5 3/4% convertible subordinated
note interest, net of interest
capitalized and income tax effect ... -- 1,389
--------- ---------
Net income available for common
stockholders ........................ $1,092 $16,758
========= =========
Net income available for common
stockholders per share .............. $0.03 $0.31
========= =========
(1) Diluted EPS for the three months ended June 30, 1998 does not assume
conversion of the Company's 5 3/4% convertible subordinated notes, as the
effect would be anti-dilutive.