TRANSWITCH CORP /DE - FORM 10-K - EX-11.1 - EXHIBIT 11.1 - March 12, 2012

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EXCEL - IDEA: XBRL DOCUMENT - TRANSWITCH CORP /DEFinancial_Report.xls
EX-32.1 - EXHIBIT 32.1 - TRANSWITCH CORP /DEv303963_ex32x1.htm
EX-32.2 - EXHIBIT 32.2 - TRANSWITCH CORP /DEv303963_ex32x2.htm
EX-21.1 - EXHIBIT 21.1 - TRANSWITCH CORP /DEv303963_ex21x1.htm
EX-31.2 - EXHIBIT 31.2 - TRANSWITCH CORP /DEv303963_ex31x2.htm
EX-23.2 - EXHIBIT 23.2 - TRANSWITCH CORP /DEv303963_ex23x2.htm
EX-31.1 - EXHIBIT 31.1 - TRANSWITCH CORP /DEv303963_ex31x1.htm
EX-23.1 - EXHIBIT 23.1 - TRANSWITCH CORP /DEv303963_ex23x1.htm
EX-10.13 - EXHIBIT 10.13 - TRANSWITCH CORP /DEv303963_ex10x13.htm
EX-12.1 - EXHIBIT 12.1 - TRANSWITCH CORP /DEv303963_ex12x1.htm
10-K - FORM 10-K - TRANSWITCH CORP /DEv303963_10k.htm

Exhibit 11.1

Computation of Loss Per Share
(Amounts in thousands except per share amounts)

Basic loss per common share for the fiscal years ended December 31, 2011, 2010 and 2009 are as follows:

     
  Years ended December 31,
     2011   2010   2009
Net loss   $ (22,872 )    $ (4,609 )    $ (11,531 ) 
Weighted average common shares outstanding     27,911       22,162       19,938  
Basic loss per common share   $ (0.82 )    $ (0.21 )    $ (0.58 ) 

Diluted loss per common share for the fiscal years ended December 31, 2011, 2010 and 2009 are as follows:

     
  Years ended December 31,
     2011   2010   2009
Net loss   $ (22,872 )    $ (4,609 )    $ (11,531 ) 
Weighted average common shares outstanding     27,911       22,162       19,938  
Dilutive securities(1)(2)(3)     —       —       —  
Diluted average common shares outstanding     22,911       22,162       19,938  
Diluted loss per common share(1)(2)(3)   $ (0.82 )    $ (0.21 )    $ (0.58 ) 

(1) For purposes of calculating the dilutive loss per common share for the years ended December 31, 2011, 2010 and 2009, the assumed exercise of dilutive securities (in-the-money stock options) is not taken into consideration, as its effect is anti-dilutive. Had these been exercised 0.5 million, 0.1 million, and 0.4 million additional shares of common stock would have been assumed outstanding for each of the years in the years ended December 31, 2011, 2010 and 2009, respectively.
(2) For purposes of calculating the dilutive loss per common share for the years ended December 31, 2011, 2010 and 2009, the assumed conversion of the 5.45% Convertible Notes due 2011 and the 5.45% Convertible Notes due 2010 is not taken into consideration as their effect is anti-dilutive. Had the 5.45% Convertible Notes due 2011 and the 5.45% Convertible Notes due 2010 been converted, zero, 0.5 million and 1.2 million additional shares of common stock would have been assumed outstanding for each of the years in the years ended December 31, 2011, 2010 and 2009, respectively.
(3) For purposes of calculating the dilutive loss per common share for the years ended December 31, 2011, 2010 and 2009, the assumed release or dilutive restricted stock units is not taken into consideration as their effect is anti-dilutive. Had the restricted stock units been released, 1.6 million, 1.5 million, and 0.6 million additional shares of common stock would have been assumed outstanding for each of the years in the years ended December 31, 2011, 2010 and 2009, respectively.

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