EXHIBIT 11
DURA PHARMACEUTICALS, INC.
STATEMENTS RE COMPUTATIONS OF NET INCOME PER SHARE
IN THOUSANDS, EXCEPT PER SHARE AMOUNTS
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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1997 1998 1997 1998
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(UNAUDITED) (UNAUDITED)
NET INCOME PER SHARE - BASIC
Net Income. . . . . . . . . . . . . . . . . . $ 9,282 $ 8,177 $ 18,069 $15,341
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Weighted Average Number of Common Shares. . . 43,672 46,302 43,511 46,139
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Net Income per Share. . . . . . . . . . . . . $ 0.21 $0.18 $0.42 $0.33
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NET INCOME PER SHARE - DILUTED
Net Income. . . . . . . . . . . . . . . . . . $ 9,282 $8,177 $18,069 $15,341
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Weighted Average Number of Common and Common
Equivalent Shares Assuming Issuance of All
Dilutive Contingent Shares:
Common stock . . . . . . . . . . . . . . 43,672 46,302 43,511 46,139
Stock options. . . . . . . . . . . . . . 1,117 621 1,146 718
Warrants . . . . . . . . . . . . . . . . 2,537 1,150 2,628 1,464
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Total. . . . . . . . . . . . . . . . . 47,326 48,073 47,285 48,321
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Net Income per Share. . . . . . . . . . . . . $ 0.20 $ 0.17 $ 0.38 $ 0.32
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