MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE
(in thousands, except per share amounts)
(unaudited)
Three Months Ended Nine Months Ended
December 31, December 31,
1997 1996 1997 1996
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Net income $13,127 $14,755 $50,141 $34,567
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Weighted average shares:
Common shares outstanding 53,762 51,189 53,362 51,274
Common equivalent shares
representing shares issuable
upon exercise of stock options(1) 3,060 3,405 3,195 2,927
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Weighted average common
and common equivalent
shares outstanding 56,822 54,594 56,557 54,201
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Basic net income per share $ 0.24 $ 0.29 $ 0.94 $ 0.67
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Diluted net income per share $ 0.23 $ 0.27 $ 0.89 $ 0.64
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(1) Amount calculated using the treasury stock method and fair market values for
stock.