Exhibit 11.1
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RESMED INC AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Year Ended June 30,
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1999 1998 1997
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BASIC EARNINGS
Net income . . . . . . . . . . . . . . . . . $ 16,102 10,611 7,465
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Shares
Weighted average number of common
shares outstanding. . . . . . . . . . . . 14,708 14,500 14,378
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Basic earnings per share . . . . . . . . . . $ 1.09 $ 0.73 $ 0.52
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DILUTED EARNINGS
Net income . . . . . . . . . . . . . . . . . $ 16,102 $ 10,611 7,465
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Shares
Weighted average number of common
shares outstanding. . . . . . . . . . . . 14,708 14,500 14,378
Additional shares assuming conversion of
stock options under treasury stock method 826 522 256
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Weighted average number of common and
common equivalent shares outstanding
as adjusted . . . . . . . . . . . . . . . 15,534 15,022 14,634
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Diluted earnings per share . . . . . . . . $ 1.04 $ 0.71 $ 0.51
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