EXHIBIT 11
OVERLAND DATA, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Nine Months Ended
March 31, March 31,
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1998 1997 1998 1997
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BASIC EPS COMPUTATION
Net income ...................................... $ 501,000 $ 797,000 $ 1,467,000 $ 2,165,000
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Weighted average number of shares of
common stock outstanding......................... 10,542,000 7,457,000 10,512,000 5,927,000
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Total............................................ 10,542,000 7,457,000 10,512,000 5,927,000
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Basic earnings per share......................... $ 0.05 $ 0.11 $ 0.14 $ 0.37
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Three Months Ended Nine Months Ended
March 31, March 31,
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1998 1997 1998 1997
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DILUTED EPS COMPUTATION
Net income ..................................... $ 501,000 $ 797,000 $ 1,467,000 $ 2,165,000
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Weighted average number of shares of
common stock outstanding........................ 10,542,000 7,457,000 10,512,000 5,927,000
Weighted average number of shares of
preferred stock outstanding..................... - 1,247,000 - 1,972,000
Common stock equivalents from the
issuance of options and the employee
stock purchase plan using
the treasury stock method....................... 448,000 655,000 475,000 616,000
Cheap stock adjustment.......................... - - - 131,000
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Total........................................... 10,990,000 9,359,000 10,987,000 8,646,000
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Diluted earnings per share...................... $ 0.05 $ 0.09 $ 0.13 $ 0.25
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