COMPUTATION OF EARNINGS PER COMMON SHARE
Published on August 31, 2004
EXHIBIT 11.1
RESMED INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(in thousands, except per share amounts)
| Year Ended June 30, | |||||||||
| 2004 | 2003 | 2002 | |||||||
| Basic Earnings: |
|||||||||
| Net income |
$ | 57,284 | $ | 45,729 | $ | 37,506 | |||
| Shares/ Weighted average number of common shares outstanding |
33,694 | 33,054 | 32,174 | ||||||
| Basic earnings per share |
$ | 1.70 | $ | 1.38 | $ | 1.17 | |||
| Diluted Earnings: |
|||||||||
| Net income |
$ | 57,284 | $ | 45,729 | $ | 37,506 | |||
| Shares/ Weighted average number of common shares outstanding |
33,694 | 33,054 | 32,174 | ||||||
| Additional shares assuming conversion of stock options under treasury stock method |
1,431 | 1,385 | 1,906 | ||||||
| Weighted average number of common and common equivalent shares outstanding as adjusted |
35,125 | 34,439 | 34,080 | ||||||
| Diluted earnings per share |
$ | 1.63 | $ | 1.33 | $ | 1.10 | |||
See accompanying report of independent registered public accounting firm.