EXHIBIT 11.1
ADAC LABORATORIES
COMPUTATION OF NET INCOME PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED NINE MONTHS ENDED
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JUNE 29, JUNE 30, JUNE 29, JUNE 30,
1997 1996 1997 1996
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Average shares outstanding 18,587 17,485 18,306 17,238
Net effect of dilutive stock
options and warrants 1,188 918 1,230 890
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Average common and common
equivalent shares
outstanding 19,775 18,403 19,536 18,128
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Net income $ 106 $ 4,353 $10,751 $11,832
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Net income per share $ 0.01 $ 0.24 $ 0.55 $ 0.65
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Primary and fully diluted income per share differs by less than three percent in
all periods.