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Exhibit 11.1 - Computation of Earnings Per Common Share.
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(In thousands, except per share amounts)
THREE MONTHS ENDED SIX MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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2000 1999 2000 1999
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BASIC COMPUTATION:
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Net income/(loss) .................................. $(11,014) $ (1,484) $ (8,025) $ (1,167)
Pro forma net income ............................... 3,442 488 6,594 805
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Weighted average shares outstanding ................ 21,331 16,695 21,257 15,088
Net loss per common share .......................... $ (0.52) $ (0.09) $ (0.38) $ (0.08)
Pro forma net income per common share .............. $ 0.16 $ 0.03 $ 0.31 $ 0.05
DILUTED COMPUTATION:
Weighted average shares outstanding - basic ........ 21,331 16,695 21,257 15,088
Additional shares - options ....................... 1,856 1,175 1,558 1,226
Additional shares - warrants ....................... 368 496 353 527
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Weighted average shares outstanding - diluted ...... 23,555 18,366 23,168 16,841
Net loss per common share .......................... $ (0.52) $ (0.09) $ (0.38) $ (0.08)
Pro forma net income per common share ............. $ 0.15 $ 0.03 $ 0.28 $ 0.05
PRO FORMA COSTS:
Equity-related charges ............................. $ 85 $ -- $ 248 $ --
Acquisition costs .................................. 590 1,972 590 1,972
Write-off of in-process R&D ........................ 10,400 -- 10,400 --
Amortization of intangibles related to acquisition.. 3,381 -- 3,381 --
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Total .............................................. 14,456 1,972 14,619 1,972
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