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EX-11
Statement re Computation of Per Share Earnings
EXHIBIT 11
NETSCOUT SYSTEMS, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Below is a summary of the shares used in computing basic and diluted net income
per share for the periods indicated.
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
September 30, September 30,
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Weighted average number of shares
outstanding ............................. 28,585,492 20,555,524 27,561,035 17,460,573
Shares attributable to Class B
Convertible Common Stock ................ -- 3,185,268 -- 5,070,900
Shares attributable to Series A
Preferred Stock ......................... -- 576,660 -- 918,034
Shares attributable to unvested
Common Stock ............................ -- -- 118,405 --
Stock options ........................... -- 2,257,334 1,275,962 2,299,030
---------- ---------- ---------- ----------
Shares used in computing diluted net
income per share ........................ 28,585,492 26,574,786 28,955,402 25,748,537
========== ========== ========== ==========
</TABLE>
Potential common stock has been excluded from the calculation of net loss per
share for the three months ended September 30, 2000 since their inclusion
would be antidilutive. As of September 30, 2000, total potential common stock
consists of 4,093,794 stock options outstanding with a weighted average
exercise price of $13.07 per share and 236,809 unvested shares. For diluted
net income per share, stock options to purchase 1,061,072 shares of common
stock for the six months ended September 30, 2000 were outstanding at period
end but were not included in the computation of diluted net income per share
because the exercise prices of the options were greater than the average fair
value of the common stock for the respective period.
