<PAGE> 1
EXHIBIT - 11
DIODES INCORPORATED AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
------------------------- -------------------------
1999 2000 1999 2000
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
BASIC
Weighted average number of common
shares outstanding used in computing
basic earnings per share 7,570,856 8,072,885 7,570,856 8,029,413
Net income $ 825,000 $4,320,000 $1,515,000 $7,460,000
========== ========== ========== ==========
Basic earnings per share $ 0.11 $ 0.54 $ 0.20 $ 0.93
========== ========== ========== ==========
DILUTED
Weighted average number of common
shares outstanding used in computing
basic earnings per share 7,570,856 8,072,885 7,570,856 8,029,413
Assumed exercise of stock options 333,372 1,267,620 301,023 1,220,948
---------- ---------- ---------- ----------
7,904,228 9,340,505 7,871,879 9,250,361
Net income $ 825,000 $4,320,000 $1,515,000 $7,460,000
========== ========== ========== ==========
Diluted earnings per share $ 0.10 $ 0.46 $ 0.19 $ 0.81
========== ========== ========== ==========
</TABLE>
Earnings per share and weighted average shares outstanding are after the effects
of a three-for-two stock split in the form of a dividend payable on July 14,
2000.
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