[ARTICLE] 5 [MULTIPLIER] 1,000 EXHIBIT 11.1 CIRRUS LOGIC, INC. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share amounts) 1996 1995 1994 --------- -------- -------- Primary: Weighted average common shares outstanding 62,761 59,708 51,838 Dilutive common stock equivalents: Common stock options, using treasury stock method N/A 3,964 4,558 Common stock warrants, using treasury stock method N/A 8 6 --------- -------- -------- Common and common equivalent shares used in the calculation of net income per share 62,761 63,680 56,402 ========= ======== ======== Net (loss) income ($36,183) $61,402 $45,368 ========= ======== ======== Net (loss) income per share ($0.58) $0.96 $0.80 ========= ======== ======== --------------------------------------- Fully diluted: Weighted average common shares outstanding 62,761 59,708 51,838 Dilutive common stock equivalents: Common stock options, using treasury stock method N/A 4,096 4,978 Common stock warrants, using treasury stock method N/A 8 8 --------- -------- -------- Common and common equivalent shares used in the calculation of net income per share 62,761 63,812 56,824 ========= ======== ======== Net (loss) income ($36,183) $61,402 $45,368 ========= ======== ======== Net (loss) income per share ($0.58) $0.96 $0.80 ========= ======== ========