Exhibit 11
COMPUTER NETWORK TECHNOLOGY CORPORATION
Statement Re: Computation of Net Income (Loss) Per Basic and Diluted Share
(in thousands, except per share data)
(Unaudited)
Net Income Weighted Average Per Share
(Loss) Shares Outstanding Amount
---------- ------------------ ---------
THREE MONTHS ENDED JUNE 30,
1998:
Basic $ 870 22,107 $ .04
Dilutive effect of employee stock purchase
awards and options(1) -- 150 --
------- ------- -----
Diluted $ 870 22,257 $ .04
======= ======= =====
1997:
Basic $ (857) 22,820 $(.04)
Dilutive effect of employee stock purchase
awards and options(1) -- -- --
------- ------- -----
Diluted $ (857) 22,820 $(.04)
======= ======= =====
SIX MONTHS ENDED JUNE 30,
1998:
Basic $ 1,239 22,080 $ .06
Dilutive effect of employee stock purchase
awards and options(1) -- 143 --
------- ------- -----
Diluted $ 1,239 22,223 $ .06
======= ======= =====
1997:
Basic $ (480) 23,132 $(.02)
Dilutive effect of employee stock purchase
awards and options(1) -- -- --
------- ------- -----
Diluted $ (480) 23,132 $(.02)
======= ======= =====
(1) For the second quarter and first half of 1998, 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. For the second quarter and first half of 1997, employee stock
options and shares issuable under the employee stock purchase plan are not
included in the computation of diluted net (loss) per share due to their
anti-dilutive effect.