Exhibit 11
COMPUTER NETWORK TECHNOLOGY CORPORATION
Statement Re: Computation of Net Income Per Basic and Diluted Share
(in thousands, except per share data)
(Unaudited)
Weighted Average Per Share
Net Income Shares Outstanding Amount
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Three Months Ended March 31,
1998:
Basic $ 369 22,106 $.02
Dilutive effect of employee stock purchase
awards and options(1) -- 137 --
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Diluted $ 369 22,243 $.02
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1997:
Basic $ 376 23,400 $.02
Dilutive effect of employee stock purchase
awards and options(1) -- 372 --
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Diluted $ 376 23,772 $.02
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(1) For the three months ended March 31, 1998 and 1997, potential dilutive
securities primarily consisting of outstanding stock options and shares
issuable under the employee stock purchase plan are included in the
computation of diluted net income per share using the treasury stock
method.