Exhibit 11
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COMPUTER NETWORK TECHNOLOGY CORPORATION
Statement Re: Computation of Net Income (Loss)
Per Common and Common Equivalent Share
(Unaudited)
(In thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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Net Income (Loss) $ 373 $ 1,077 $ (108) $ 2,276
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Primary Earnings (Loss) Per Share
- ------------------------------------------ 22,674 23,352 22,920 23,196
Weighted average number of common shares
outstanding
Dilutive effect of outstanding common
equivalent shares 138 339 - 422
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Weighted average number of common and
common equivalent shares outstanding 22,812 23,691 22,920 23,618
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Net income (Loss) per common and common
equivalent share $ .02 $ .05 $ (.00) $ .10
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Fully Diluted Earnings (Loss) Per Share:
- ------------------------------------------
Weighted average number of common shares 22,674 23,352 22,920 22,196
outstanding
Dilutive effect of outstanding common
equivalent shares 186 339 - 423
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Weighted average number of common and
common equivalent shares outstanding 22,860 23,691 22,920 23,619
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Net income (Loss) per common and common
equivalent share $ .02 $ .05 $ ( .00) $ .10
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