NATIONAL INSTRUMENTS CORP /DE/
10-Q, EX-11.1, 2000-08-14
COMPUTER PERIPHERAL EQUIPMENT, NEC
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EXHIBIT 11.1

STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
(unaudited)


Three Months Ended
June 30,

Six Months Ended
June 30,

2000
1999
2000
1999
Net Income   $14,431   $11,257   $27,095   $21,265  

Basic earnings per share: 
     Income before cumulative effect of accounting 
     change  $    0.29   $    0.23   $    0.54   $    0.44  
     Cumulative effect of accounting change, net of tax        (0.01 )

     Basic earnings per share  $    0.29   $    0.23   $    0.54   $    0.43  

Diluted earnings per share: 
     Income before cumulative effect of accounting 
     change  $    0.27   $    0.22   $    0.51   $    0.42  
     Cumulative effect of accounting change, net of tax        (0.01 )

     Diluted earnings per share  $    0.27   $    0.22   $    0.51   $    0.41  

Weighted average shares outstanding: 
     Basic  50,274   49,725   50,193   49,605  
     Diluted  53,567   51,866   53,490   51,600  
Calculation of weighted average shares: 
     Weighted average common stock outstanding-basic  50,274   49,725   50,193   49,605  
     Weighted average common stock options, utilizing 
     the treasury stock method  3,293   2,141   3,297   1,995  

Weighted average shares outstanding-diluted  53,567   51,866   53,490   51,600  



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