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TRANSACT TECHNOLOGIES INCORPORATED
Exhibit 11.1
Computation of Earnings Per Share
(unaudited)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 23, September 25, SEPTEMBER 23, September 25,
(In thousands, except per share data) 2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net income (loss) $ 290 $ 837 $ (196) $ 704
Dividends and accretion on preferred stock (90) - (230) -
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Net income (loss) available to common
shareholders $ 200 $ 837 $ (426) $ 704
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Shares:
Basic - Weighted average common shares
outstanding 5,512 5,559 5,496 5,565
Dilutive effect of outstanding options and
warrants as determined by the treasury
stock method - 97 - 24
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Dilutive - Weighted average common and
common equivalent shares outstanding 5,512 5,656 5,496 5,589
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Net income (loss) per common and
common equivalent share:
Basic $ 0.04 $ 0.15 $ (0.08) $ 0.13
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Diluted 0.04 0.15 (0.08) 0.13
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