1 EXHIBIT 11.1 WALL DATA INCORPORATED COMPUTATION OF EARNINGS PER SHARE YEAR ENDED DECEMBER 31, ------------------------------------------- 1997 1996 1995 ----------- ----------- ----------- BASIC Total weighted average shares outstanding 9,245,286 9,058,380 9,223,949 ========== ========== =========== Net income $2,251,000 $4,193,000 $ 7,251,000 ========== ========== =========== Net income per share $ 0.24 $ 0.46 $ 0.79 ========== ========== =========== DILUTED Average shares outstanding 9,245,286 9,058,380 9,223,949 Net effect of dilutive stock options based on the treasury stock method using the average market price 640,791 662,244 803,083 ---------- ---------- ----------- Total weighted average shares outstanding 9,886,077 9,720,624 10,027,032 ========== ========== =========== Net income $2,251,000 $4,193,000 $ 7,251,000 ========== ========== =========== Net income per share $ 0.23 $ 0.43 $ 0.72 ========== ========== ===========