EXHIBIT 11.0
ORCAD, INC.
STATEMENT REGARDING COMPUTATION
OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
Earnings per share for the years ended December 31, 1996, 1995, and 1994 were
computed based on the weighted average number of common and dilutive common
equivalent shares outstanding. Common equivalent shares for the years ended
December 31, 1995 and 1994 include shares of Series A Preferred Stock that were
converted into common shares upon consummation of the Company's initial public
offering. Pursuant to Securities and Exchange Commission Staff Accounting
Bulletin No. 83, all shares and options issued within one year prior the initial
filing of the registration statement, if dilutive, were treated as if they were
outstanding for all reported periods.
YEAR ENDED DECEMBER 31,
---------------------------
1996 1995 1994
------ ------ ------
Common Stock.................................. 5,253 647 617
Common Stock issued for:
Massteck Ltd............................... 510 510 510
Intelligent Systems Japan, K.K............. 427 427 427
Common Stock Equivalents...................... 526 534 -
Series A Preferred Stock...................... - 2,307 2,307
SAB 83 Adjustment............................. - 350 350
Tax benefit of non-qualified stock options.... (98) - -
------ ----- ------
Total......................................... 6,618 4,775 4,211
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Net Income ................................... $4,202 $ 315 $ 29
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Net Income Per Share.......................... $ .63 $ .07 $ .01
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SCHEDULE VIII
VALUATION AND QUALIFYING ACCOUNTS
Additions Other
---------------------- Charged Changes
Balance at Charged to to Other Add Balance at
Beginning Costs and Accounts (Deduct) End of
Year Description of Year Expenses (Describe) (Describe) Year
- ---- ----------- ---------------------- ---------- ---------- ----------
1996 Allowance for doubtful accounts and
sales returns. . . . . . . . . . . . . . $422 $921 -- $(706)(a) $637
Allowance for obsolete inventory . . . . 40 50 -- (41)(b) 49
1995 Allowance for doubtful accounts and
sales returns. . . . . . . . . . . . . . 338 564 131(c) (611)(a) 422
Allowance for obsolete inventory . . . . 60 51 -- (71)(b) 40
1994 Allowance for doubtful accounts and
sales returns. . . . . . . . . . . . . . 155 447 -- (264)(a) 338
Allowance for obsolete inventory . . . . 60 40 -- (40)(b) 60
- --------------
(a) Write-off of accounts receivable against allowance for doubtful accounts.
(b) Write-off of obsolete inventory.
(c) Addition to allowance for doubtful accounts as part of acquisitions.
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