Avid 1998 Annual Report Download - page 55

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50
Weighted common stock equivalents 1,260
23,644 24,325 21,163
Diluted EPS ($0.15) $1.08 ($1.80)
Options and warrants to purchase 2,534,833 and 1,958,422 weighted shares of common stock outstanding as of December
31, 1998 and 1996 were excluded from the year-to-date calculation of diluted net loss per share as the effect of their
inclusion would have been anti-dilutive. Options to purchase 234,554 weighted shares of common stock outstanding as of
December 31, 1997 were excluded from the year-to-date calculation of diluted net income per share because the exercise
prices of those options exceeded the average market price of common stock during the periods.
See Note R for supplemental pro forma calculations of net income (unaudited).