TEGAL CORPORATION AND SUBSIDIARIES EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE (Unaudited) (In thousands, except per share data)
Three Months Ended Six Months Ended September 30, September 30, ---------------------- ---------------------- 1996 1995 1996 1995 ------- ------- ------- ------- Net Income $ 415 $ 1,138 $ 2,160 $ 2,148 ======= ======= ======= ======= Weighted average shares outstanding during the period 10,104 675 10,087 664 Preferred stock on an "as if" converted -- 5,876 -- 5,876 Common shares issued and stock options granted in accordance with Staff Accounting Bulletin No. 83 -- 1 -- 1 Common stock equivalents 543 1,037 582 1,018 ------- ------- ------- ------- Shares used in per share computation 10,647 7,589 10,669 7,559 ======= ======= ======= ======= Net income per share $ 0.04 $ 0.15 $ 0.20 $ 0.28 ======= ======= ======= =======
13 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: November 12, 1996 TEGAL CORPORATION (Registrant) /s/ David Curtis ---------------------------------- David Curtis Chief Financial Officer, Treasurer and Secretary (Principal Financial Officer) 14