EX-11.1 4 rimage033523_ex11-1.txt 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. A total of 7,877 and 11,980 assumed conversion shares for the three- and six-month periods ended June 30, 2003, respectively and 80,194 and 77,842 assumed conversion shares for the three- and six-month periods ended June 30, 2002, respectively, were excluded from the net loss per share computation as their effect is anti-dilutive. The following is a summary of the weighted average common shares outstanding and assumed conversion shares:
Three months ended Six months ended June 30, June 30, ----------------------- ----------------------- 2003 2002 2003 2002 ---------- ---------- ---------- ---------- Shares outstanding at end of period 9,017,785 8,711,295 9,017,785 8,711,295 ========== ========== ========== ========== Weighted average shares of common stock outstanding 8,757,138 8,705,099 8,742,033 8,690,880 Weighted average shares of assumed conversion shares 887,361 791,006 813,840 796,744 ---------- ---------- ---------- ---------- Weighted average shares of common stock and assumed conversion shares 9,644,499 9,496,105 9,555,873 9,487,623 ========== ========== ========== ========== Net income $1,717,389 $1,800,823 $3,221,226 $2,935,028 ========== ========== ========== ========== Basic net income per common share $ 0.20 $ 0.21 $ 0.37 $ 0.34 ========== ========== ========== ========== Diluted net income per common share $ 0.18 $ 0.19 $ 0.34 $ 0.31 ========== ========== ========== ==========
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