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Exhibit 11.1
UNIVERSAL ELECTRONICS INC.
COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended June 30, Six Months Ended June 30,
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Common stock
outstanding beginning 13,735,273 13,034,004 13,664,920 12,794,004
of period ----------- ----------- ----------- -----------
Weighted average common
stock outstanding from
exercise of stock
options, treasury
stock purchases
and employee benefit plan 8,094 228,138 52,239 334,286
----------- ----------- ----------- -----------
Weighted average
common stock
outstanding 13,743,367 13,262,142 13,717,159 13,128,290
=========== =========== =========== ===========
Stock options 1,322,833 849,614 1,345,640 637,900
----------- ----------- ----------- -----------
Weighted average common
stock and common stock
equivalents outstanding 15,066,200 14,111,756 15,062,799 13,766,190
=========== =========== =========== ===========
Net income attributable
to common
stockholders $ 2,144,411 $ 1,199,413 $ 3,178,846 $ 1,648,176
=========== =========== =========== ===========
Net income per
common stock and
common stock
equivalents:
Basic $ 0.16 $ 0.09 $ 0.23 $ 0.13
=========== =========== =========== ===========
Diluted $ 0.14 $ 0.08 $ 0.21 $ 0.12
=========== =========== =========== ===========
</TABLE>
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