EXHIBIT 11
ACTIVE VOICE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT SHARES AND PER SHARE AMOUNTS)
Three months ended Nine months ended
December 31, December 31,
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1997 1996 1997 1996
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BASIC
Average shares outstanding 4,633,753 4,583,352 4,621,668 4,573,841
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Net income $618 $1,160 $1,484 $2,843
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Per share amount $0.13 $0.25 $0.32 $0.62
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DILUTED
Average shares outstanding 4,633,753 4,583,352 4,621,668 4,573,841
Net effect of dilutive stock options 66,121 59,300 51,648 56,399
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Total 4,699,874 4,642,652 4,673,316 4,630,240
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Net income $618 $1,160 $1,484 $2,843
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Per share amount $0.13 $0.25 $0.32 $0.61
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