1 EXHIBIT 11.1 HMT TECHNOLOGY CORPORATION STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE (1) (Dollars in thousands, except per share data) YEAR ENDED MARCH 31, -------------------------------- 1996 1995 1994 -------- ------- ------- Primary and Fully Diluted: Weighted average shares outstanding for the period........... 30,234 29,656 29,656 Common equivalent shares pursuant to Staff Accounting Bulletin No. 83............................................ 4,990 5,166 5,166 -------- ------- ------- Shares used in computing per share amounts................... 35,224 34,822 34,822 ======== ======= ======= Net income (loss) available for common stockholders.......... $ 45,222 $(8,941) $(17,325) ======== ======= ======= Net income (loss) available for common stockholders per share...................................................... $ 1.28 $ (0.26) $ (0.50) ======== ======= ======= - --------------- (1) Primary and fully diluted calculations are substantially the same.