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.