1 INTEVAC, INC. EXHIBIT 11.1 COMPUTATION OF NET INCOME PER SHARE (In thousands, except per share amounts) (Unaudited) Three months ended ------------------------------- Mar. 30, Apr. 1, 1996 1995 ---------- ---------- Shares used in Calculation of Net Income Per Share: Average Common Shares outstanding.................................... 12,249 690 Net effect of dilutive stock options................................. 382 129 Shares related to SAB Nos. 55, 64 and 83: Stock options...................................................... --- 217 Ordinary Shares issued............................................. 579 Series A convertible preferred shares as-if-converted................ --- 8,680 ---------- ---------- 12,631 10,295 ========== ========== Income from continuing operations...................................... $ 1,897 $ 467 ========== ========== Net income............................................................. $ 1,897 $ 1,802 ========== ========== Income per share from continuing operations............................ $ 0.15 $ 0.05 ========== ========== Net income per share................................................... $ 0.15 $ 0.18 ========== ========== 21.