1 Exhibit 11.1 STATEMENT OF COMPUTATION OF SHARES USED IN PER SHARE COMPUTATION (IN THOUSANDS) December 31, December 31, December 31, 1994 1995 1996 ---- ---- ---- Computation of shares used in net income (loss) per share: Weighted average common shares outstanding .......... 1,618 1,663 7,258 Common equivalent shares attributable to stock options (treasury stock method) ................... 178 938 989 Common equivalent shares attributable to redeemable preferred stock ................................... 813 5,182 -- ----- ----- ----- Shares used in per share calculation ..................... 2,609 7,783 8,247 ===== ===== =====