EXHIBIT 11
DURA PHARMACEUTICALS, INC.
STATEMENTS RE COMPUTATIONS OF NET INCOME PER SHARE
IN THOUSANDS, EXCEPT PER SHARE AMOUNTS
(UNAUDITED)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
------- ------- ------- -------
NET INCOME PER SHARE - BASIC
Net Income $ 7,583 $ 8,177 $15,348 $15,341
------- ------- ------- -------
------- ------- ------- -------
Weighted average number of common shares:
Common stock 44,085 46,302 44,092 46,139
------- ------- ------- -------
------- ------- ------- -------
Net Income per share $ 0.17 $ 0.18 $ 0.35 $ 0.33
------- ------- ------- -------
------- ------- ------- -------
NET INCOME PER SHARE - DILUTED
Net Income $ 7,583 $ 8,177 $15,348 $15,341
------- ------- ------- -------
------- ------- ------- -------
Weighted average number of common and common
equivalent shares assuming issuance
of all dilutive contingent shares:
Common stock 44,085 46,302 44,092 46,139
Stock options 562 621 778 718
Warrants 438 1,150 458 1,464
------- ------- ------- -------
Total 45,085 48,073 45,328 48,321
------- ------- ------- -------
------- ------- ------- -------
Net Income per share $ 0.17 $ 0.17 $ 0.34 $ 0.32
------- ------- ------- -------
------- ------- ------- -------