EX-11.1 3 rimage025446_ex11-1.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11.1 RIMAGE CORPORATION COMPUTATION OF NET INCOME PER SHARE OF COMMON STOCK Basic net income per common share is determined by dividing net income by the weighted average number of shares of common stock outstanding. Diluted net income per common share is determined by dividing net income by the weighted average number of shares of common stock and common share equivalents outstanding, unless the result is anti-dilutive. The following is a summary of the weighted average common shares outstanding and assumed conversion shares:
Three months ended Nine months ended September 30, September 30, 2002 2001 2002 2001 ---------- ---------- ---------- ---------- Shares outstanding at end of period 8,713,111 8,665,881 8,713,111 8,665,881 ========== ========== ========== ========== Weighted average shares of common stock outstanding 8,712,285 8,734,692 8,698,020 8,720,018 Weighted average shares of assumed conversion shares 809,004 743,871 797,170 815,073 ---------- ---------- ---------- ---------- Weighted average shares of common stock and assumed conversion shares 9,521,289 9,478,563 9,495,190 9,535,091 ========== ========== ========== ========== Net income $1,879,106 $1,395,107 $4,814,134 $3,376,953 ========== ========== ========== ========== Basic net income per common share $ 0.22 $ 0.16 $ 0.55 $ 0.39 ========== ========== ========== ========== Diluted net income per common share $ 0.20 $ 0.15 $ 0.51 $ 0.35 ========== ========== ========== ==========
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