EXHIBIT 11.1
RIMAGE CORPORATION AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER SHARE OF COMMON STOCK
Basic net income per common share is determined by dividing net income by the
weighted average number of shares of common stock outstanding, unless the result
is anti-dilutive. Diluted net income per common share is determined by dividing
net income by the weighted average number of shares of common stock and assumed
conversion shares outstanding, unless the result is anti-dilutive. The following
is a summary of the weighted average common shares outstanding and assumed
conversion shares:
<TABLE>
<CAPTION>
Three months ended Six months ended
June 30, June 30,
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Shares outstanding at
beginning of period 8,259,113 7,891,998 7,962,358 7,899,338
Common stock issued in stock option/
warrant exercise 145,432 3,749 442,187 233,586
Repurchases of common stock -- -- -- (237,177)
------------ ------------ ------------ ------------
Shares outstanding at
end of period 8,404,545 7,895,747 8,404,545 7,895,747
============ ============ ============ ============
Weighted average shares
of common stock outstanding 8,344,059 7,892,863 8,251,124 7,855,015
============ ============ ============ ============
Assumed conversion shares 1,535,063 1,929,311 1,535,063 1,929,311
Weighted average shares of
assumed conversion shares 1,321,687 1,365,691 1,389,277 1,429,486
============ ============ ============ ============
Weighted average shares of
common stock and assumed
conversion shares 9,665,746 9,258,554 9,640,401 9,284,501
============ ============ ============ ============
Income from continuing operations $ 2,480,477 $ 1,037,441 $ 4,634,583 $ 2,021,729
============ ============ ============ ============
Income from discontinued operations $ -- $ 378,824 $ -- $ 489,494
============ ============ ============ ============
Income per basic share:
Continuing operations $ 0.30 $ 0.13 $ 0.56 $ 0.26
Discontinued operations -- 0.05 -- 0.06
------------ ------------ ------------ ------------
Net income per basic share $ 0.30 $ 0.18 $ 0.56 $ 0.32
============ ============ ============ ============
Income per diluted share:
Continuing operations $ 0.26 $ 0.11 $ 0.48 $ 0.22
Discontinued operations -- 0.04 -- 0.05
------------ ------------ ------------ ------------
Net income per diluted share $ 0.26 $ 0.15 $ 0.48 $ 0.27
============ ============ ============ ============
</TABLE>
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