EXHIBIT 11.1
IWERKS ENTERTAINMENT, INC.
EARNINGS PER SHARE
(in thousands, except per share amounts)
For the Three Months For the Nine Months
Ended March 31, Ended March 31,
1999 1998 1999 1998
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Denominator for Basic Earnings per
Share - Weighted average shares
Outstanding .................................... 12,375 12,199 12,362 12,173
Effect of dilutive securities:
Options and warrants ......................... (a) (b) (c) (d)
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Denominator for Diluted Earnings per
Share .......................................... 12,375 12,199 12,362 12,173
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Net Loss ....................................... $ (389) $ (5,077) $ (2,200) $ (9,083)
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Basic loss per share ........................... $ (0.03) $ (0.42) $ (0.18) $ (0.75)
-------- -------- -------- --------
Diluted loss per share ......................... $ (0.03) $ (0.42) $ (0.18) $ (0.75)
-------- -------- -------- --------
(a) Options to purchase 16 shares of common stock were not included in the
computation of diluted loss per common share as the effect would be
antidilutive
(b) Options to purchase 86 shares of common stock were not included in the
computation of diluted loss per common share as the effect would be
antidilutive
(c) Options to purchase 32 shares of common stock were not included in the
computation of diluted loss per common share as the effect would be
antidilutive
(d) Options to purchase 98 shares of common stock were not included in the
computation of diluted loss per common share as the effect would be
antidilutive
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